Futures is showing some oversold technicals on the 1hr timeframe.
What I want to see is a bounce into the speech. I want to see people get their hopes up for a an announcement that the hikes are over and then the market to flush after Powell announces that inflation is still entrenched and sticky.
We could get some buyers to end Friday, it seems like everyone is already anticipating the upcoming hike having it confirmed might cause the market to relax a bit after an initial fearful sell-off.
What I want to see is a bounce into the speech. I want to see people get their hopes up for a an announcement that the hikes are over and then the market to flush after Powell announces that inflation is still entrenched and sticky.
We could get some buyers to end Friday, it seems like everyone is already anticipating the upcoming hike having it confirmed might cause the market to relax a bit after an initial fearful sell-off.
Nota
Looks like we may swap this.Tank into Powell and rally after
If everyone believes higher for longer and end of the world, getting some clarity may cause a rise.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.