Taking into account the Fed comments from last week, recently one of our technical analysts forecasted a correct S&P Index price range of $4348 to $4261. The market has since corrected to that level and is now bouncing.
From a technical standpoint, stocks, in general, are oversold and are starting to bounce. The question we are all asking ourselves:
“Is this a bounce before lower prices, or the start of a rally?”
Only time will tell, so we wait, watch, and analyze what the market internals and money flow tell us. Over time we will know better and have a new confirmed trend to trade.
The post Can The Fed Engineer A Soft Landing For The Biggest Bubble We’ve Ever Seen? originally appeared at TheTechnicalTraders.com.