The market saw a short covering rally yesterday which has investors second guessing the direction of this market. So the market achieved what it needed to do which was probably the result of too many sellers positioned in the market.
Its day 2 of the FOMC meeting and after last night failed to deliver any meaningful comments, we will have to wait to see if Bernanke can deliver this evening. I don't foresee the market making new highs above 5406 unless some positive news is delivered.
You can subscribe to this feed and receive free daily trading information by email. To subscribe click here
JOIN MARK FTSE SERVICE TODAY AND SAVE A MASSIVE 17% QUARTERLY OR 33% ANNUALLY - GET IT NOW!
0 comments:
Post a Comment