Not a Coincidence

Stocks were rejected at the 200-day moving average following an aggressively hawkish comment by Fed Chair Powell that a 50 bps rate increase was “on the table” at the Fed’s May 3-4 meeting. The Fed watches charts too, folks, so this was hardly a coincidence.

continued for members


Sorry, this content is for members only.

Click here to get access.


Already a member? Login below

Remember me (for 2 weeks)

Forgot Password