Absolutely a classic situation; three Fed members have been commenting on the next rate hike.
The stronger statements supporting an aggressive posture has spooked the markets, and the most reasonable or sensible have accomplished nothing.
This consolidation is, however, a good thing if we look at the markets leading up to the previous Fed meetings while declining in price…it turned out to be relatively positive after the decisions.
IMG has shared with all of you charts showing this exact pattern now going back a couple of months.
If you need a re-fresh schedule an appointment.
A compelling technical picture is present, going into the end of the year.
Thursday: Thanksgiving Holiday…!
Much happiness and blessings, enjoy quality time with your families.
Short-term: Headlines are your buying opportunities.
Long-term: Fundamentals are your guide.
Much success to all.
London – Singapore – United States Canada
Australia – China – Switzerland
Brinks – IDS – Loomis – The Perth Mint