Everything seems to look great as the market has taken the FOMC action and statements as an indication that interest rates may not be raised further, and that the economy is not in a recession based on their focus headlines.
The reality is we will still have rates going higher, and this makes short-term USD still a wanted commodity. Therefore, New Moon phase we are in and also the stochastic RSI being this high, suggest we will correction down back to test 1,690 is my personal view.
SELL @ 1,750-1,740 and take profit at 1,704 for now.
The reality is we will still have rates going higher, and this makes short-term USD still a wanted commodity. Therefore, New Moon phase we are in and also the stochastic RSI being this high, suggest we will correction down back to test 1,690 is my personal view.
SELL @ 1,750-1,740 and take profit at 1,704 for now.