Hello traders and investors,
As many opinions are surfaced on the internet each and every day when it comes to the stock market and trading, we hope our reports can provide extra clarity of what is going on in the markets.
As we have seen, stocks traded lower following the Federal Reserve’s policy decision to raise rates 50bps.
See👇
It also doesn’t help that the SPY 0.00%↑ is at a resistance point as well.
See👇
In this report I really want to talk about what we know and then come to a valid conclusion with no bias. You might be surprised with our findings…
What We Know….
For the purpose of this segment, we will discuss the chart of the SPY 0.00%↑ below as well as a reflection on the USD.
Then we will discuss where we want to enter a trade and talk about our high conviction thesis.