September Effect - Up/Down/Sideways - How I'm Trading It
Summer trading is officially done and the market will be news sensitive leading up to the big bad FOMC Rate Decision on September 18.
August's monthly candle is a wild one with a massive wick to the south and the bulls pushed the SPY within a whisker of all-time highs, Dow to several all-time highs, Nasdaq into a nice bullish recovery posture, and Russell the same (higher lows).
6 Central Bank Rate Decisions in September
US News on Employment and Inflation all rolling out before the FOMC
I'd like to see a seasonal dip or pullback to offer more accumulation opportunities before a run higher. Let's see how it plays out.
August's monthly candle is a wild one with a massive wick to the south and the bulls pushed the SPY within a whisker of all-time highs, Dow to several all-time highs, Nasdaq into a nice bullish recovery posture, and Russell the same (higher lows).
6 Central Bank Rate Decisions in September
US News on Employment and Inflation all rolling out before the FOMC
I'd like to see a seasonal dip or pullback to offer more accumulation opportunities before a run higher. Let's see how it plays out.
Chris Pulver
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