Thursday, May 19, 2016

NDX found support today

As NDX found support near the month's (May) lows today. If the market bounce back from here we could be back in the channel and stay there for a while, maybe for the rest of the summer. Yesterday, with Fed's minutes coming out, the market did not move significantly as everyone was expecting. So analysts believe that the Fed has already started tightening the rates in the shadows 'using shadow' rates since 2014, therefore its not in a hurry to do anything now.

No comments:

Post a Comment