Based on the monthly and weekly timeframes, I believe we will break the August low. A consolidation above the 65 level will invalidate shorts, but for now, we are seeing lower highs in a sideways movement.
If the markets react positively to the actual 0.25% rate hike, I expect the opposite reaction to the rhetoric that follows.
If the markets react positively to the actual 0.25% rate hike, I expect the opposite reaction to the rhetoric that follows.
Note
*rate CUT
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.