Short
US500
G'day guys.
US500 had make another movement to 2.618 Fibo Level over a couple week.
Next we expecting this price gonna make turn soon, based on the candlestick we can clearly see that loss of interest to pushing the price further up.
To allow this pair pushing further up, we expecting correction for next afew month to stabilize low interest rate toward inflation. As recent release of FOMC, no change on interest rate being made.
This indicate FED would like to make a partial recovery and not taking more risk increasing the interest rate. As we expecting economic growth will be strengthen via secure and repurchase made buy fed's
Let's see what happen next. Cheers
US500 had make another movement to 2.618 Fibo Level over a couple week.
Next we expecting this price gonna make turn soon, based on the candlestick we can clearly see that loss of interest to pushing the price further up.
To allow this pair pushing further up, we expecting correction for next afew month to stabilize low interest rate toward inflation. As recent release of FOMC, no change on interest rate being made.
This indicate FED would like to make a partial recovery and not taking more risk increasing the interest rate. As we expecting economic growth will be strengthen via secure and repurchase made buy fed's
Let's see what happen next. Cheers
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