hello everyone, judging by the correction phase playing out poorly in the last week of trading I have 2 scenarios,
1 price rises to major downtrend line, ( blue ) following the current weekly uptrend baseline (purple) to such following the interest rate hike as expected.) followed by another downtrend tomorrow, possibly Monday.
2. if interest rates go up a full percentage point, dxy will start going wild, and we will see a big decline in prices,
1 price rises to major downtrend line, ( blue ) following the current weekly uptrend baseline (purple) to such following the interest rate hike as expected.) followed by another downtrend tomorrow, possibly Monday.
2. if interest rates go up a full percentage point, dxy will start going wild, and we will see a big decline in prices,
to little surprise we see negative growth, and a further increase in prices with inflation still raging on.