Friday, October 06, 2023 4:37:34 AM
Yesterday the market was in the UP trend at 10am EST, when the ECB president started to speech, market responded downward. However, as model predicted, the market was still solid and rebounded to Par by end of the day.
Trading suggestion: keep current position, either cash or equity, slightly in favor or equity.
The high interest rate will in general dragged down the market a few percents within a few days following the news releasing.
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