before the fed
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Before the FED - Charts
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Before the FED - Charts
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| before the fed |
Before the fed
So there is going to be alot of nerves ahead of the fed this week. That is going to be a good environment to make some money in. Although the bad news is normally before the fed announcement, the market goes sideways, for a few days. So do not expect fireworks until WED afternoon.
The top traders on wall street think they will HOLD rates, but we have to remember that whenever WALL st is unsure and confused, that tends to rattle a few people, and its normally not good news. There are alot of novice investors placing bets ahead of the fed and will get their accounts blasted, where as we will wait a bit and see how these charts develop.
ON TO THE CHARTS....
Looking at the Nasdaq chart below you can see that we have recovered fully from the sell off a few weeks ago! However lets not be the judge of that with the FED announcement coming in a few days. Right now you can see the we are in the midst of a channel, and we are on the underside edge of that at 4802. It feels like a bigger move is setting up here, but the BULLS and the BEARS are tussling it out, and right now no one is winning!!!, IF the channel is just a big BEAR FLAG setting up we could be back to the lows in a matter of days! However I do not want to jump the gun just yet.
So there is going to be alot of nerves ahead of the fed this week. That is going to be a good environment to make some money in. Although the bad news is normally before the fed announcement, the market goes sideways, for a few days. So do not expect fireworks until WED afternoon.
The top traders on wall street think they will HOLD rates, but we have to remember that whenever WALL st is unsure and confused, that tends to rattle a few people, and its normally not good news. There are alot of novice investors placing bets ahead of the fed and will get their accounts blasted, where as we will wait a bit and see how these charts develop.
ON TO THE CHARTS....
Looking at the Nasdaq chart below you can see that we have recovered fully from the sell off a few weeks ago! However lets not be the judge of that with the FED announcement coming in a few days. Right now you can see the we are in the midst of a channel, and we are on the underside edge of that at 4802. It feels like a bigger move is setting up here, but the BULLS and the BEARS are tussling it out, and right now no one is winning!!!, IF the channel is just a big BEAR FLAG setting up we could be back to the lows in a matter of days! However I do not want to jump the gun just yet.
WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED? CLICK HERE To Join Our VIP ELITE GROUP -- FREE!
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