Morning Ideas July 28, 2022
Good morning traders...
FED raised rates by 75 basis points yesterday, and the market went up! Powell also talked about how growth will have to slow (and the market went up). This is one of the many reasons not to trade news!!
I believe the market is trying to reach for 4100 and we have quite a bit of resistance there.
Personally, I would love to short it up there, but that may be the fundamental James speaking.
FED raised rates by 75 basis points yesterday, and the market went up! Powell also talked about how growth will have to slow (and the market went up). This is one of the many reasons not to trade news!!
I believe the market is trying to reach for 4100 and we have quite a bit of resistance there.
Personally, I would love to short it up there, but that may be the fundamental James speaking.