The Set-Up Ahead of the Fed Announcement on Rates conducting some simple macro analysis of a couple of financial markets, will help you to chart a course after the Fed's announcement on interest rates this afternoon and will also be helping in defining the action points. As we pointed out before that the Dow Jones Industrial Average ($INDU) is going to oscillate around … [Read more...]
Bear flag
The market is close to confirming a 123 bottom or breaking down from a bear flag. The conclusion to this confluence of patterns will be dictating trading over the intermediate-term. The market has spent the past six sessions of trading in a very tight pattern. for instance :The Dow Jones Industrial Average ($INDU), has been gyrating around the 12,600 level, plus or minus … [Read more...]