US30 Analysis (Fed Powell Speech)
Quick trade idea.
Still continuing off my previous post, you see we've gotten a clean rejection from the downward Trend-Line as I expected.
Going into Fridays sessions, I'm looking to see the same type of volatility - and finish this week of Bearish. Looking at structure, I have a resistance marked off straight across at
34,565.00 - On top of that we still have our downward Trend-Line still. So I'm expecting this to be the reversal point for the next Bearish move.
Looking back on previous times Powell has spoken, price action has always fluctuated hundreds of points, then proceeded by a crazy move. And I'm expecting that again today.
In regards to Powell's plan, we all know his goal. And that's to keep raising interest rates, and he will do whatever it takes to get that done - and this will definitely send our economy into a recession!
This is just my Personal Opinion, Trade Safely!
Still continuing off my previous post, you see we've gotten a clean rejection from the downward Trend-Line as I expected.
Going into Fridays sessions, I'm looking to see the same type of volatility - and finish this week of Bearish. Looking at structure, I have a resistance marked off straight across at
34,565.00 - On top of that we still have our downward Trend-Line still. So I'm expecting this to be the reversal point for the next Bearish move.
Looking back on previous times Powell has spoken, price action has always fluctuated hundreds of points, then proceeded by a crazy move. And I'm expecting that again today.
In regards to Powell's plan, we all know his goal. And that's to keep raising interest rates, and he will do whatever it takes to get that done - and this will definitely send our economy into a recession!
This is just my Personal Opinion, Trade Safely!