Traders Daily – Waiting on the Fed

0
479

Ugh…

Markets are down again, this time on fear of the Fed, which in my opinion, will leave interest rates alone and signal no changes by this afternoon. There are also fears of potential inflation, a 10-year at 3%, and concerns over midterm elections that are driving markets a bit wild.

Also, technically, it appears the Dow is slipping to its 200-day at 23,727.

That’s where we’re likely to bounce higher for the third time since February 2018.  If that line of support fails to hold, we c...

Register Now

The Daily Chart Newsletter is available only to members of this site. Register now for FREE. No cost, no obligation, join today.

Already a member? Login below, or click here to register now for free.