Hadapan S&P 500 E-mini
Panjang

Morning Ideas March 17, 2022

103
Good morning Traders,

FED chairman Powell confirmed the rate hike in the announcement yesterday, and also pointed to hiking rates 6 more times this year.

The market took this as a positive, as this is a sign of strength AND the FED getting the inflation under control.

Tehncially speaking, we have taken back and finally pushed through the 4320-4330 area, back into the middle of this thick zone. Path of least resistance is higher now, technically. I would expect the market to continue higher now, as it had ample reasons and chances to go lower in the last two weeks.

I would still caution everyone, as there are plenty of factors to contend with here on the news front.

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