SPX In Anticipation of the Hike Rejection
1. CPI/FOMC (13th / 14th Dec)
2. Rally Post mid elections (Georgia is Rep)
3. Fib Retracements
4. MA 50 as a support
5. Lets wait for daily closing above MA 200 as a Support
6. Let get downtrend for DXY confirmed (inverse to SPX)
7. Logic: FOMC eventually will decrease the rate (due to decreasing inflation) -> treasury price (inverse) down -> flow of funds from fixed income to equities.
2. Rally Post mid elections (Georgia is Rep)
3. Fib Retracements
4. MA 50 as a support
5. Lets wait for daily closing above MA 200 as a Support
6. Let get downtrend for DXY confirmed (inverse to SPX)
7. Logic: FOMC eventually will decrease the rate (due to decreasing inflation) -> treasury price (inverse) down -> flow of funds from fixed income to equities.
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