Our Hands Are Tied
. That’s what I heard from the Fed. . SPX – This needs to move higher soon. It is starting to show internal signs of weakness, even though it doesn’t look like much of a pullback. The VIX looks like a bull flag may be forming.
June 15 – Relax, It’s A Fed Wednesday
This was my thinking from yesterdays report… This is how Tuesday ended. We lost and regained the 50sma and today is Fed Wednesday. Will the 50sma hold or will this drop to the 200sma? Lets look at 2 more things.
Pre-Fed Syndrome Again
Monday we saw a little more selling in the general markets as we approach the Fed meeting Wednesday. I have been bullish for a possible break out to new highs, but recent action is less bullish and it may be that we wont know for sure until after Fed Wednesday. Tuesday may also be a […]
