FOMC’s decision cheers market
The Fed raised the
interest rates yesterday, but investors cheered as hope and hints are
out there that this may be the last interest rate hike. The economy’s inflation
is under control and the market is optimistic for next year. In a technical
analysis point of view, the major indices are showing a great setup to break the
current consolidation, but it still has not conquered that yet. Watch the
opening and how investors react as the FOMC decision now digested. There are
some big names breaking down at the moment and most of the others sitting around
waiting for something to happen. When I observe the market leaders break out,
that’s when the party resumes.
Read More