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Alex - Chart Freak
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Alex - Chart Freak2018-09-28 16:38:542018-09-28 16:38:54MIDDAY UPDATE 9-28
QQQ- The NASDAQ is still trying to move higher off of the 50sma...
Read More I was actually on the beach today and a storm started to roll in. We got a beautiful Post Fed Rainbow, but I'm still looking for that Pot Of Gold. Let's do a Post FOMC Market review...
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SPY INTRADAY FED REACTION - We have discussed that the Knee Jerk immediate reaction after the Fed is often a false move. Notice the reaction in the SPY at 2 p.m., as it ran higher, and then the directional change that followed.
SPX DAILY - The MACD confirms that the recent high was weaker, and we are due for a DCL. Watch the 50sma for a break down or support.
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