The Fed tried its best to save the market, but now it cant save the markets again! and under the OLD Fed Regime the Technicals are screaming BUY THE DIP! and this is what you hear from CNBC guests who have been used to pump the market every time.
Unfortunately for CNBC watchers, the Fed is no longer concerned about the markets and is now focused on tightening financial markets which means there is now a ceiling of 4000 on SPX where the fed officials will come out tell you financial conditions are too loose...
Watch out for SPX RSI below 50....could see irrational behaviour
Unfortunately for CNBC watchers, the Fed is no longer concerned about the markets and is now focused on tightening financial markets which means there is now a ceiling of 4000 on SPX where the fed officials will come out tell you financial conditions are too loose...
Watch out for SPX RSI below 50....could see irrational behaviour