The SPX500’s Technical Analysis: What You Need to Know Ahead of the FOMC Meeting Announcement
A quick technical analysis look at the SPX500 ahead of today’s FOMC interest rate analysis.
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Posts
Chart of the Day – SPX500 – (January 18th, 2023)
The SPX was creeping higher since the end of December, but we kept reminding our members that the trend remained lower as long as we kept respecting the descending channel.
Long NOK hasn’t worked the last few months
As one of my good friends, who is a very talented trader (@redheadtrader), told me earlier this year “lots of traders I know are camping out long NOK since 2020)” and that always stuck with me as the NOK has been so sensitive to global “risk on” flows. Read more
The Grind Into a Parabolic Trend.
As traders and investors, our innate instinct is to “fade strength and buy weakness” especially if you think something (or asset) is overbought or oversold.
