Toni Hansen writes that we should continue to see volatility dry up over the next two sessions, and there is a slightly more bearish bias forming within the daily range.
The reversal on Monday adds concern to many of the bulls who are likely to jump on board the profit-taking bandwagon if the indices aren't able to round off at lows intraday on Tuesday and make a strong intraday reversal.
Most analysts are anticipating the bulls to hold steady as the year comes to an end. This belief is rooted in the expectations that the economy is going to attempt a soft landing.
The Fed is expected to leave interest rates unchanged, so most of the interest will be focused upon the accompanying statement to try to get a feel for the Fed's thoughts regarding the recent economic data and how that will affect the potential for rate cuts in the new year.
Toni Hansen writes that the stock market bias has turned from a bearish one to a range-bound one, which is likely to continue into Tuesday when the Fed makes its policy announcement.
Copyright 2025 Tiger Shark Publishing LLC . All rights reserved.
It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these websites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.
Free Festival of Traders Videos
full story
printer version