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TOMORROW POWELL:
GS continues to expect the FOMC to slow the pace of rate hikes to 50bp in September and 25bp in November and December.... If the FOMC decides to tighten more aggressively, the Fed leadership would prefer to deliver multiple 50bp rate hikes rather than another 75bp rate hike in September.
JPM, Marko Kolanovic: "We maintain that inflation will resolve on its own as distortions fade, and likely drive a Fed pivot ...In Chair Powell's remarks, we do not expect him to tip his hand on the size of the next move, which will depend on upcoming releases, but we believe he will push back against the idea that a dovish policy pivot is coming soon."
RABOBANK: "Does It Even Matter If The Fed Hikes 50 Or 75bps? It Won't Prevent The Multiple Trainwrecks Coming Our Way"
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
PAGING JFR:
I stole your Chande Trend Meter (CTM) and am using it on my 5m chart (also higher time frames).
I find it pretty effective depending on how you use it.
THANKS BOSS
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Chart for the road: 5 DMA is last stand for the bears, momentum is looking bullish bias for swing trade setup. an early stage of a trend reversal. trade well, Peace!
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My comments are for entertainment/educational purpose only. NOT a trade advice.
GREEN SHOOTS
1) instead of double bottoming at 4110 (green arrows), SPX only went down to circa 4120; that's a bit bullish
2) bit of a breakout today (green circle), already backtesting
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente wrote:PAGING JFR:
I stole your Chande Trend Meter (CTM) and am using it on my 5m chart (also higher time frames).
I find it pretty effective depending on how you use it.
THANKS BOSS
Hey Pasta Boss,
You are welcome.
I like the Chande. Nice visual. It is subtle, not dramatic. Show trends and turns.
Charts posted are not recommendations. They are just a sharing of information.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
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Sharing research and ideas only, this is not trading advice.
“If people concentrated on the really important things in life, there’d be a shortage of fishing poles.” – Doug Larson