The market is still looking weak going into Wednesday. Within Tuesday's range, the volume remained light on the upside move going into the afternoon, showing that the bulls are wary of returning too quickly to the fray.
Toni Hansen writes that the longer-term outlook is not looking great for the bulls anymore, and the door is now wide open for a larger correction into the 20-month simple moving average.
While the general consensus is for another rate hike by the Fed tomorrow, there is a lot more uncertainty with this meeting than most of those over the last year or so.
For the remainder of the week a lot of the focus will be on the upcoming jobs data and speculation on how those results will affect the Fed's decision regarding the strength of the economy and whether or not to continue this long strong of rate hikes.
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