Good morning Traders,
FED chairman Powell confirmed the rate hike in the announcement yesterday, and also pointed to hiking rates 6 more times this year.
The market took this as a positive, as this is a sign of strength AND the FED getting the inflation under control.
Tehncially speaking, we have taken back and finally pushed through the 4320-4330 area, back into the middle of this thick zone. Path of least resistance is higher now, technically. I would expect the market to continue higher now, as it had ample reasons and chances to go lower in the last two weeks.
I would still caution everyone, as there are plenty of factors to contend with here on the news front.
FED chairman Powell confirmed the rate hike in the announcement yesterday, and also pointed to hiking rates 6 more times this year.
The market took this as a positive, as this is a sign of strength AND the FED getting the inflation under control.
Tehncially speaking, we have taken back and finally pushed through the 4320-4330 area, back into the middle of this thick zone. Path of least resistance is higher now, technically. I would expect the market to continue higher now, as it had ample reasons and chances to go lower in the last two weeks.
I would still caution everyone, as there are plenty of factors to contend with here on the news front.
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。