The S&P500 extends its upside move, back towards the key descending trend line.
The trend of the recent CPI release is that market will be risk loving as CPI results is likely to be in line with market expectation and expected to be lower with the FEDs rate hike from last year. However, it is also a trend that Powell will pull down the market during the FOMC. Let us hope that the Powell will not rain on the equities parade during the upcoming FOMC.
As per what we analyzed, price is likely to move towards the 4050 resistance region upon breakout confirmation and we are likely to reach the target level this trading week.
The trend of the recent CPI release is that market will be risk loving as CPI results is likely to be in line with market expectation and expected to be lower with the FEDs rate hike from last year. However, it is also a trend that Powell will pull down the market during the FOMC. Let us hope that the Powell will not rain on the equities parade during the upcoming FOMC.
As per what we analyzed, price is likely to move towards the 4050 resistance region upon breakout confirmation and we are likely to reach the target level this trading week.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.