Today Powell committed to easy money, while GDP estimates as of Feb. 18th are at 9.5% they feel there is still need for support. There is currently $3.1 trillion sitting in reserves in depository institutions. The idea is to bring that number back down to pre-pandemic levels around $1.4 trillion. With GDP estimates and all this money ready to flood the markets I don't see investors holding cash.
Immediate support is sitting at 3860 with targets at 3994 followed up by a break to 4058
ES found support off of it's 50% retrace near 3807
Daily closed a nice pin just above previous high
Let me know your thoughts!
Immediate support is sitting at 3860 with targets at 3994 followed up by a break to 4058
ES found support off of it's 50% retrace near 3807
Daily closed a nice pin just above previous high
Let me know your thoughts!
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.