Wild Cycles the Next Few Days
The ECB meeting on Thursday and the stock market patterns would allow a breakout for the S & P to 4235 or 4280 over the next few days as long as 4075 on the futures holds. All the markets have been coiling waiting for D-Day and so let’s see if it releases all the pent-up energy. If we get a 2-3 day surge, the market may give it all up next week with the US hiking rates 50 bps on the 15th. Never a dull moment.
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