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Replies to #27445 on Cycle Trading
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No-Quarter

03/22/23 12:42 PM

#27449 RE: Duma #27445

I believe the wild card is not the .25% increase, most believe this is a given. It is 30 minutes after this rate is announced when J Powell speaks, and the guidance he may or may not provide.
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No-Quarter

03/22/23 1:30 PM

#27451 RE: Duma #27445

The PSar flipped yesterday, suggesting the market goes up for a while.

...assuming J Powell doesn't say something to disrupt this.

https://stockcharts.com/h-sc/ui?s=%21ITBMRASPX&p=D&yr=0&mn=6&dy=1&id=p77241368625




I still believe the below is the big picture. We go up for a while, then hold onto your rock ledge. GLTY

https://stockcharts.com/h-sc/ui?s=%24SPX&p=M&yr=20&mn=1&dy=1&id=p93694931038