Our Forecast and mid-week check up. Today big news day, FOMC announcement. Market expecting an increase in the Discount Rate. Market in similar pattern of oscillating within areas with low volume. Careful today…..
- Some heavy news items today and expected profit taking creating for mixed environment.
- Technically market showing much strength. 80/20 bullish cross over, close at the 200 sma….
- Mixed markets continue right into the Memorial Day holiday.
- Market breaks and holds support at the 80 sma.
- Market continues it’s mixed oscillations between two key areas on the daily.
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