The SPX weekly chart has held onto the support this week. There is no telling what might happen here. I am maintaining that whatever the Fed does at the FOMC meeting this week it will be a disaster in the long term. In the short term we can't rule out a rally in stocks. We have seen this story so many times in the past few years. The markets sell off only to rebound sharply. As I keep saying. We use the if/then process to determine our actions. Above the line we do this, below the line then we do that. It is very simple. Just have to see how this plays out.
No comments:
Post a Comment