Replies to post #299 on Collective IQ Traders Group

[opnion]

What may be happening is that those levels on the nasi and nysi pnf charts will hold as overhead resistance, but the price action of the indexes need to maintain levels for a bit. Then I would suspect that the summations would come crashing down and not look back this time. It would change my mind if the summations were to print 3 box reversals on pnf charts. Just wondering, what would happen if the language in the fed statement indicated that todays' rate increase was the last for a while and teh FED was in a watch and see stance? hmmmmmm