Fed Rate Rally could fail on Stocks
Updated
So Stock market rallied to the anticipated September rate cut after an initial sell off earlier last week. I am seeing this rally as fake rally or retrace of the earlier sell off. I am seeing a gap window that needs to close as well as unsupported money flow for the rally. I think the rally will likely fail after the gap down window closes. see it on the chart.
I am only sharing my trade notes and this should not be considered as financial or investment advice or recommendation. please do your own analysis and if you care about the trading community then share your trade idea. Best of trading
I am only sharing my trade notes and this should not be considered as financial or investment advice or recommendation. please do your own analysis and if you care about the trading community then share your trade idea. Best of trading
Trade active
It's beautiful to see the reversal as projected on the charts. The update here is that we have reached an important fib and S/R zone. A bounce is likely before more selling resumes. Kudos to you all who took a short after the gap closed.
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