next wednesday is going to be a big day for everybody in the usa
Updated
next Wednesday we have the gdp report. which should have a negative impact on the markets, but also the same day the fed meets on interest rates, there is a possibility that they cut interest rates to negative in an desperate measure to stimulate the economy and that would neutralized the GDP report. in a short term that should spike the stock market because negative rates means you will get charged to keep your money in the bank, and borrowers would get pay to borrow. which leads to more spending . dollar devaluation will happen because bond purchasers will look outside USA for a better return rather than buying bonds with a negative yield, a devalued currency will help boost country exports do to the attractive lower price leading to more demand from US products. that is what people want to hear and markets should react well. in case they dont go negative the market should go lower on the gdp report.
Note
this ideas was meant to highlight the strong support and resistance levels that needed to be broken to continue the rally or to break down . dont open a position until confirmation, good luck
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