Today’s Pre-Market Forecast and our mid-week review. Great week so far as the market used the 200 sma as resistance early and after yesterdays recovery day as support. Don’t fall in love with either side and wait for the runs.
- Market rallies strongly off the 80 sma on strong volume. Can we expect more upside? Stay tuned.
- Looming elections, social unrest and the pandemic are taking their toll across the markets.
- Week will be dominated by Fed Chair Powell testifying. Be careful.
- Familiar pattern forming in the market. Will the market respond the same way again? Check it out.
- FOMC day headlines todays activity. Are the Bulls back in charge?
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