Today is a N/A Day (No cycle pattern) - what to expect...
Today will likely be a carryover of yesterday, setting up tomorrow's TOP pattern. Because of this, I expect a bit of a rally phase today (rebounding off the lower support channel) and possibly attempting to move above 395 if there is substantial buying activity.
Yes, the Fed decision is near, but traders are still using the US equities market as a hedge against foreign market risks because of the stronger US Dollar.
Gold and Silver will likely setup another retest of recent support.
The markets are shifting and we could see a big move next week with the Fed decision.
Right now, I see the markets struggling to find support and attempting to hold above the Flag/Pennant lower channel.
Crude oil is lower - suggesting the global economic demand for oil is weakening.
Stay cautious. Follow my research. These cycle patterns are really incredible in how they predict days/weeks in advance.
Yes, the Fed decision is near, but traders are still using the US equities market as a hedge against foreign market risks because of the stronger US Dollar.
Gold and Silver will likely setup another retest of recent support.
The markets are shifting and we could see a big move next week with the Fed decision.
Right now, I see the markets struggling to find support and attempting to hold above the Flag/Pennant lower channel.
Crude oil is lower - suggesting the global economic demand for oil is weakening.
Stay cautious. Follow my research. These cycle patterns are really incredible in how they predict days/weeks in advance.
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