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Massive Fed Monetary Injection Changed the Technical Picture

The Fed injected nearly $300 billion into the banking system last week. That put in place at least a temporary detour for stocks. That detour will be redirected this week as a result of the FOMC circus and Powell Dog and Pony Show. Here’s what to look for, and what to do about it.

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These reports are not investment advice. They are for informational purposes, intended for an audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance. 

Posted in 2 - Technical Trader
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