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SP500 Showing Strength after FOMC Meeting (Fed is Committed *Cough*) | S&P 500 Technical Analysis
In today's S&P 500 Technical Analysis forecast, I discuss the SP500 showing strength after the FOMC Meeting. Jerome powell stated he is committed to using the full range of tools to support the economy and create a robust recovery.
Will the stock market continue to rise as the federal reserve continues to supply liquidity into the market? or will the stock market crash? To me, I belive this will continue to feed the bullish narrative into the market for the short term timeframe until eventually the dollar becomes so devalued that the market turns down with it.
TIMESTAMPS:
Intro: 00:00
SP500 Weekly: 00:34
SP500 Daily: 02:26
SP500 30 Min: 03:58
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#SP500 #StockMarket #TechnicalAnalysis
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