I'm watching this pattern (from October 2020) in case the market decides to turn upwards following the FOMC meeting tonight (not a huge probability in my opinion).
I'm personally not a huge believer when it comes to seeing new ATHs but who knows... a slightly dovish tone from the crazy dude followed by quickly deteriorating economic data could - counter-intuitively - push equity markets higher for a last, final rally (one on steroid given the bearish sentiment we're seeing right now).
still bearish though...
I'm personally not a huge believer when it comes to seeing new ATHs but who knows... a slightly dovish tone from the crazy dude followed by quickly deteriorating economic data could - counter-intuitively - push equity markets higher for a last, final rally (one on steroid given the bearish sentiment we're seeing right now).
still bearish though...