Even amid all of the above-mentioned volatility, stock market indexes are holding relatively close to November highs, and are up for the quarter, despite the barrage of Fed governors spinning their take on interest rate policy.
The majority now expect a 50-basis-point hike at the December meeting, according to CME data on fed funds futures action. However, confusion reigns when it comes three specific points
๐คOn the technical front,
1.) Looking at the H4 chart, although price is on a bullish up-trend, I'm looking for an immediate buy entry at 34106.01, where the previous swing high is located.
2.) I have a pretty safe stop loss set at 33063.05 where the 78.6% Fibonacci line is.
3.) I am looking to take profit at 35492.22 where the previous swing high is.
็ปฟ่ฑๆฒ : Whether it's 75 basis points or 50 basis points, the economy will also lead to a recession