Today we saw a massive sell-off from all the sectors because of what Powell said yesterday.
Powell mentioned in the interview yesterday that they "will continue raising rates until we see Inflation coming down." which is why investors showed a sell-off today.
Now looking at the charts. There can be two possibilities tomorrow.
The first one is that there can be a continuation of straight downward to 385 level.
The second possibility is that there can be a bounce to the 395-397 area and then down again to the 385 level.
Powell mentioned in the interview yesterday that they "will continue raising rates until we see Inflation coming down." which is why investors showed a sell-off today.
Now looking at the charts. There can be two possibilities tomorrow.
The first one is that there can be a continuation of straight downward to 385 level.
The second possibility is that there can be a bounce to the 395-397 area and then down again to the 385 level.
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