SPX500 TO REMAIN RANGE BOUND?
It is an important day in terms of news as the FOMC meeting minutes are released. This
will likely rock the stock markets and depending on the tone set out by the Fed the market
could remain range bounce of break out. If they start to talk down the dollar which could
be expected due to recession talks the market could react positively and a clear break higher
will be likely. If they stick to the same outlook then the market could test the key lows and trendline support.
Expect to see some volatility here and some potential sell-offs before the meeting.
will likely rock the stock markets and depending on the tone set out by the Fed the market
could remain range bounce of break out. If they start to talk down the dollar which could
be expected due to recession talks the market could react positively and a clear break higher
will be likely. If they stick to the same outlook then the market could test the key lows and trendline support.
Expect to see some volatility here and some potential sell-offs before the meeting.
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