Today is the key data for the week. FOMC. Interest rate hike...
Today is the key data for the week. FOMC. Interest rate hike. 50BP is expected, 75BP probability is really low. But if we get it today, markets crashing another 10% from where we are at wont be a surprise.
If we get a 75BP planned hike next meeting instead of initially planned 50BP, it can also create a very bearish sentiment.
But if we get a planned 50BP hike with the next meeting likely to be a 50BP hike too, the market will likely rally temporarily as most stocks are on oversold levels given a few exceptions.
So do know your support/resistance for today and this week. It will serve you well. Stocks tagged here all have their analysis done on the video.
Some stocks are overbought whilst some are oversold. Do know which condition your favourite stock is in so you know what will be your trade plans.
As always, trade safe & invest wise!
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warrior-sailormoon : When will investor get the news from FOMC?
劫财死远点劫色就来吧 : What's the percentage did TSLA crashed last time after the March's 25bps published? Can't recall.
Or it crashed in the week after...?
sgtradea : Do you think AMD can break 100 today? Hmm
Investing 101 OP sgtradea : im positioned only for 100 on AMD since the 86 and 84 support. Will take half off at 100. remaining hold and see if can break higher
劫财死远点劫色就来吧 warrior-sailormoon : Fed Chair Jerome Powell will brief the media at 2 p.m. ET release of the statement.
Can only know market will start to crash or soar after he finished...
Investing 101 OP 劫财死远点劫色就来吧 : the rally took 2.5 weeks to conclude. It started crashing back down after that. 25% lost
warrior-sailormoon 劫财死远点劫色就来吧 : Thanks for reply. Finger crossing for the bounce to be happened.
Investing 101 OP 劫财死远点劫色就来吧 : my bias is up. but in current situation it can go either way.
user77248281 warrior-sailormoon : hope market crashes all the way down
RonaIdo : I think we might dump till 2am then pump back up
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