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One Fed it was up, another Fed it came down. I think many must be fed-up with the Fed! The down moves for the past two sessions almost took back all of the gain on 21 Mar (a Fed day). We’ll see how we close up today. There will be no charts for this post [...]

Market Blog

From where we left off last week, the SPX did not retest the recent high of 12 Mar 07, it flew through its 20, 50, 100-day moving averages in 1 single leap! Its next resistance now is the 78.6% Fibonacci retracement at 1441 (see chart below).

From the beginning of this week (Mon and Tue), the [...]

Market Blog