Jpow
SPY if jpow sticks with 3 rate hikesspy prediction if jpow sticks to 3 rate hikes and we could possibly see 450 faster then you can sneeze.
if he says something like 5 rate hikes then we could see us retesting the 420s again before reclaiming the 200ema.
sell the rallys. buy the dips. DCA long term holdings. but d.c.a!
see linked chart below (from october 1st). so far. still holding true.
Stock Index Futures at Major Daily SupportBoth the S&P500 and Nasdaq futures tonight have tagged Daily Support levels. The CME_MINI:ES1! has hit the Daily Kijun Sen which is the 50% Retracement of the December 20th through New Year rally and CME_MINI:NQ1! has hit the Daily Senkou B which is the 50% Retracement of the rally of Q4 2021.
Checking news events this week JPow (Jerome Powell) is scheduled to testify Tuesday at 10am. I would expect Monday to be a muted day in anticipation of this talk and Tuesday to be the more interesting day of the week. All risk markets have focused on on rate hikes. Rate hike speculation is the defining theme going into January 2022.