An FOMC bull run could setup a giant Adam & Eve Pattern
FOMC could lead to a strong bull run. This scenario would line up well with the Fed's schedule for rate hikes and cuts. The most bullish scenarios now have us with a 5% terminal rate by about April, then no rate cuts until late Q4 2023 to Q1 2024. This long plateau is typically when markets have peaked in the past, or upon the first cuts. As seen here:
s3.tradingview.com/s...shots/x/XMzz9HAe.png
Perhaps more important is when the yield curve turns up again. Once it gets above about +.3%, after inversion, the market tends to crash hard.
For more info on Adam & Eve patterns, check the pattern site. It's a wonderful resource.
thepatternsite.com/AdamEvePatterns.html
Targets would be long to ~450 SPY then short to ~240. It would make MMs a lot of money, so you shouldn't be surprised if it plays out like this.
s3.tradingview.com/s...shots/x/XMzz9HAe.png
Perhaps more important is when the yield curve turns up again. Once it gets above about +.3%, after inversion, the market tends to crash hard.
For more info on Adam & Eve patterns, check the pattern site. It's a wonderful resource.
thepatternsite.com/AdamEvePatterns.html
Targets would be long to ~450 SPY then short to ~240. It would make MMs a lot of money, so you shouldn't be surprised if it plays out like this.
Komen:
Komen:
Still valid