Post by
apapas1973 on Jan 24, 2022 11:45am
US dollar needs to stay below approx. .97
The US dollar is on a tear again but. I still think it should make a lower low on this run. That should coincide with the upcoming FOMC and then it should be game on. I'm hoping one last time this is going to be it for the dollar. It should turn out to be a sell the news event. The Fed will be stepping in any day now to prop up the markets. They can't afford not to. GLTA
Comment by
EndZonefor7 on Jan 24, 2022 12:16pm
Gut says Fed holds off on interest rate hike til March. Dow is in free fall tho, so this will be a tough period to get thru with all the Russia sh*t.
Comment by
apapas1973 on Jan 24, 2022 1:17pm
correct endzone. That's exactly what they're going to do. March or even later. That should do it for the dollar bills.
Comment by
caramba71 on Jan 24, 2022 1:35pm
Wow - did the S&P cut through that 4300 line this morning - like a hot knife through butter. It'd be good to close above the 4289 fib support level, otherwise next fib level is at around 4180.