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Head-and-shoulders starting to form on the S&P 500?

This is probably way too premature but the right shoulder of the S&P 500 could start to form if this week's rally fizzles. I'm skeptical that it will last because it's built on the idea of pricing out Federal Reserve rate hikes. We're now below 50% fro the November Fed meeting so there isn't much left to 'price out'. I'm also sympathetic to fading worries about a blowout on bond yields but I don't know if anyone was really pricing in tail risks around 5% 10s anyway.Again, it's premature but if t... Read More

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Head

And

Shoulders

Starting

Form

500 Head and shoulders

Forex

Posted: Aug 30 2023, 18:02

Author Name: forexlive

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