With the ease and positive economic data last week, market sentiment still believe the FED hawkish plan still holding.
technically, this may hold for sometime and may be as well a strong base for a long term bull market. however, we still need to see consistent monthly bull runs. At least two months or so for a long term bull trend.
The central bank is expected to raise rates by 75 basis points for the fourth-straight time before "pivoting" to a slower pace of rate hikes, which the market has begun pricing in. failure to this the DXY will continue falling, that suggest a long term buy for the US indices. its a wait and see for now.
MY VIEW, BUY US100 AS SHOW IN CHART.
SHORT TERM BULL TRADE THIS WEEK AND MAYBE NEXT WEEK AS WE AWAIT A CONFIRMATION FOR THE LONG TERM SETUP.
cheers😎. thank me later
technically, this may hold for sometime and may be as well a strong base for a long term bull market. however, we still need to see consistent monthly bull runs. At least two months or so for a long term bull trend.
The central bank is expected to raise rates by 75 basis points for the fourth-straight time before "pivoting" to a slower pace of rate hikes, which the market has begun pricing in. failure to this the DXY will continue falling, that suggest a long term buy for the US indices. its a wait and see for now.
MY VIEW, BUY US100 AS SHOW IN CHART.
SHORT TERM BULL TRADE THIS WEEK AND MAYBE NEXT WEEK AS WE AWAIT A CONFIRMATION FOR THE LONG TERM SETUP.
cheers😎. thank me later