In all of 2022. market rallied after FOMC meeting just to go lower shortly afterwards. Only on 16th march it went lower straight away.
My base case is market just go lower fading the summer rally move all the way and finding support somewhere around 269 (PT 1, june 22. low) or 237 (PT2, precovid high).
Second case is retest of vopc, roughly 312. and than lower.
Third case brakes through 312 and retest it, that would be bullish case for me.
All thoughts and ideas are welcome.
Happy hunting.
My base case is market just go lower fading the summer rally move all the way and finding support somewhere around 269 (PT 1, june 22. low) or 237 (PT2, precovid high).
Second case is retest of vopc, roughly 312. and than lower.
Third case brakes through 312 and retest it, that would be bullish case for me.
All thoughts and ideas are welcome.
Happy hunting.