No one knows what will happen tomorrow, but one thing is for sure.. Nail biter till Yellen opens her mouth. ST turned up today, so it suggest a up market, yet we are still in a bearish range so we should be flexible for tomorrows possible whipsaws. There will be whipsaws, so for those who can't take the moves, I suggest staying on the sidelines till it settles down.
Prices for the SPX is still under the 200 day MA. so there are negative connotations to the current ST. All EW counts or forecasting would be foolish as raising rates and holding rates will have the same risk probability.
SEN: Bearish
ST: UP
PA: DOWN
The indicators above are not in SYNC making the analysis for tomorrow a confirmed hard tell in direction.
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