Beginning of Bear momentum
If Fed does not show any indication of cutting the rate, then most likely I can see this going bearish. Nevertheless, I would assume that from here and now, traders and institutions are uncertain about current monetary policy so that would try to take more defensive position.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.