Fed will be in focus | stockbee


Fed will be in focus

  • Market has been down three days in a row and yesterday was 500 plus day to downside. on Market Monitor.
  • The pattern for few weeks has been Monday selloff followed by Tuesday reversal. So let us see what happens today.
  • Lack of buyers means follow through on breakouts is a problem. But earnings season is still on and earnings breakout is still where the action is.
  • Today is Fed interest rate decision day and it can lead to wild swings and it can often lead to change in prevailing trend.

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