H&S bottom text book target. Likely it's a range day, the range low might be in.
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This morning, strategists at both GS and BAC agreed that the only thing that will push stocks higher is a capitulation by the Fed.
...the market will only stop panicking when the Fed starts panicking..
zh: the moment the Fed capitulates is when everything will explode higher.
BofA: “markets will continue to test the Fed put, but that it will take more market panic for the Fed to start panicking."
[THE FED PUT is currently at 3529 according to BofA, and at 3400 according to MS, down from 3634 in April, and down from 3698 in February.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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