After last night volatility due to news of CPI price has tested the previous swing high which would have taken out many retail traders stops.
Looking from a technical perspective we see rejection @ supply in a downtrend
Looking from a fundamental perspective we see the FED may ease of the pedal in regards to interest rates, but overall they remain hawkish
Tonight we have FOMC which is major market mover, indications view of 50bps to attain 5% interest rates, but it will be in the wording on how the market reacts
Lets see what happens
Looking from a technical perspective we see rejection @ supply in a downtrend
Looking from a fundamental perspective we see the FED may ease of the pedal in regards to interest rates, but overall they remain hawkish
Tonight we have FOMC which is major market mover, indications view of 50bps to attain 5% interest rates, but it will be in the wording on how the market reacts
Lets see what happens
Trade closed: target reached:
Target hit