STOCKS TAKE OFF
In our weekend newsletter, we found a cycle and a pattern that would allow 4080 on the S & P cash and 12110 on NQ futures the next few days. Usually, the stock market pauses a week before FOMC and does a retracement so that would suggest a high by early Wednesday.
The most bullish pattern would be a move to 3980 on cash following 4080 and then a push to a new high after FOMC to 4160. That would confirm something bigger.
Our work is suggesting we wil get a negative reaction to FOMC and pullback into Feb. 10th but it may only be a retracement. Each day is a new puzzle piece.
For now, it appears you are missing the boat and this rally may go 1-2 more days. Stay in touch with our latest thinking with these fast moving markets with a monthly trial to Fortucast.
Financial Market Timer
For short-term traders and moderately active swing futures traders. Markets covered: S&P 500 T-notes Dollar Euro Gold Silver Crude Oil Bitcoin Futures.
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