Wk38: Market Forecast

21 Sep

A short bit this week, FOMC Meeting Announcement Weds at 2:15PM EST all news announcements can be found here. Since Friday put in an inside day, watch for a break of S&P500 1075 or 1060 to confirm additional bullishness or a pullback.
We may be in an uptrend on a short-term daily chart, but we remain in the context of a downtrend on the weekly chart of the top line figures. We are at an inflection point in the market, watch how it reacts to news and speeches. Trade with caution this week.
Watch for further updates throughout the week.

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