"Don't confuse brains with a bull market." - Humphrey B. Neill
It's most likely that the FOMC will keep interest rates on hold. Analysts will be watching to hear how the statement reads, and if there is any forward "raising of interests."
We'll watch S&P topping at 1187; use this in comparison with the below Dow projection.
Since 1960 a stock correction has never been more than 10%.
And yesterday, more trade range movements on the Dow with theoretical highs of 10,677,and lows of 10,530, before 3 p.m. The longer the market holds "up" the greater chance of a breakout to as high as 10, 874.
We were able to buy into positions yesterday , but could not make profits.
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