NASDAQ - reaching the 0.702 retracement level.
currently just breaking this resistance level, anticipating a pause from the fed.
94% expecting a pause, which I find concerning considering the fed has been adamant on 2% inflation.
I believe investor are aware this target isn't logical without further banking contagion - which will be inevitable going forward.
If the fed raise's rates again - this could create a shock to the market's. especially the NASDAQ going off this chart. this is also the zone for reversals to happen.
time will tell FOMC due today 7PM uk time.
currently just breaking this resistance level, anticipating a pause from the fed.
94% expecting a pause, which I find concerning considering the fed has been adamant on 2% inflation.
I believe investor are aware this target isn't logical without further banking contagion - which will be inevitable going forward.
If the fed raise's rates again - this could create a shock to the market's. especially the NASDAQ going off this chart. this is also the zone for reversals to happen.
time will tell FOMC due today 7PM uk time.
