MARKETS VERY BULLISH
'THE DISINFLATIONARY PROCESS HAS STARTED' - Jerome Powell on 1-2-2023 at the FOMC Meeting
These are the wise words of Jerome Powell from the FOMC meeting yesterday. After this meeting markets pumped worldwide as a confirmation of the bullcase.
S&P500
Yesterday we closed at a big resistance point. We need a close above and confirmation.
Next Target on SPX = 4330
VIX
VIX is cracking through support and likely going to see new lows on the larger timeframe.
DXY
Also DXY cracked bigtime after the meeting. Now at 100 points. My target for DXY is 92. Big rally for equities.
US10Y
Bonds 10Y also at 3.41%
A 3% decline on the charts. Approaching Daily 200 MA. My expectations is that we're going to crack through it after good results from the big companies later today
AMAZON & APPLE
These are the wise words of Jerome Powell from the FOMC meeting yesterday. After this meeting markets pumped worldwide as a confirmation of the bullcase.
S&P500
Yesterday we closed at a big resistance point. We need a close above and confirmation.
Next Target on SPX = 4330
VIX
VIX is cracking through support and likely going to see new lows on the larger timeframe.
DXY
Also DXY cracked bigtime after the meeting. Now at 100 points. My target for DXY is 92. Big rally for equities.
US10Y
Bonds 10Y also at 3.41%
A 3% decline on the charts. Approaching Daily 200 MA. My expectations is that we're going to crack through it after good results from the big companies later today
AMAZON & APPLE
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