S&P 500’s Rebound – Reasonably Dovish FOMC

← Go back Sep 09, 2023

S&P 500 did slide all the way till 4,465, and it was the hesitation in the 4,470s that made me recognize an intraday rebound was getting underday – still good enough . When that reversal proved a bit more staying power, it was time to as both SPY daily volume and sectoral composition progress hinted at rather dovish FOMC positioning getting underway. Pay no attention to the conflicting and Canada – the Fed has been quite clear about (and I expect no hawkish setback) if you read between the lines. The same conclusion I support with charts in the stock market analytical section below. I‘ll be covering the price moves well before FOMC on Twitter and chiefly on the two premium Telegram channels (one for stocks, the other for gold, silver and oil). I‘m looking for a pretty interesting move in and beyond preciuous metals! Keep enjoying the lively via keeping my tab open at all times (notifications on aren’t enough) – combine with subscribing to my , and of course that (head off to Twitter to talk to me there), but getting the key daily analytics right into your mailbox is the bedrock. So, make sure you‘re signed up for the free newsletter and make use of both Twitter and Telegram – benefit and find out why . Let‘s move right into the charts (all courtesy of ) – today‘s full scale article contains 4 of them. I don‘t think has topped, and it‘s reasonable to expect $1,960 and $23.90 to be broken to the upside later today. Copper bouncing off its $3.75 magnet isn‘t a surprise really – these real assets would benefit once the FOMC dust settles. Crude oil remains one of the bullish picks, and the more patient you are, the greater reward here in Q3 and Q4 2023 (nearest only). Monday and Tuesday‘s candlesticks provide a clear warning, which I had foreseen yesterday with the $88.50 at worst target, and commented on already in the newer Telegram channel. Thank you for having read today‘s free analysis, which is a small part of covering all the markets you’re used to (stocks, bonds, gold, silver, miners, oil, copper, cryptos), and of the daily premium presenting stocks and bonds only. Both publications feature real-time trade calls and intraday updates. While at my site, you can subscribe to the for instant publishing notifications and other content useful for making your own trade moves. Turn notifications on, and have my (tweets only) opened in a fresh tab so as not to miss a thing – such as extra intraday opportunities. Thanks for all your support that makes this great ride possible! Thank you,

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