Comments on: Short & Long-Term Levels to Watch On The Major Stock Indices https://rightsideofthechart.com/short-long-term-levels-to-watch-on-the-major-stock-indices/ Stock Trading, Investing & Market Analysis Wed, 14 Jun 2023 17:13:49 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Jeff Vandenburgh https://rightsideofthechart.com/short-long-term-levels-to-watch-on-the-major-stock-indices/#comment-28288 Wed, 14 Jun 2023 17:13:49 +0000 https://rightsideofthechart.com/?p=211697#comment-28288 In reply to Jeff Vandenburgh.

Darius Dale warns in his morning note that the consensus expectation today is for a “hawkish skip” by the Fed with regards to interest rate. Meaning that the bar is low for a “dovish suprise,” and after the CPI and PPI data showing more improvement than expected, there is a higher likelihood that Powell sounds more dovish than he’s expected to sound, which would be bullish for stocks.

]]> By: Mikeflegel https://rightsideofthechart.com/short-long-term-levels-to-watch-on-the-major-stock-indices/#comment-28287 Wed, 14 Jun 2023 16:43:07 +0000 https://rightsideofthechart.com/?p=211697#comment-28287 In reply to Jeff Vandenburgh.

Which usually means we go hyperbolic one more time., I need something of a money maker, Haven’t had a good one since tesla january third

]]> By: Jeff Vandenburgh https://rightsideofthechart.com/short-long-term-levels-to-watch-on-the-major-stock-indices/#comment-28282 Wed, 14 Jun 2023 15:18:20 +0000 https://rightsideofthechart.com/?p=211697#comment-28282 The scary thing about hoping for downside now is that so is EVERYONE else. No one thinks stocks continue higher from here without a decent pullback. Even the bulls want a correction now. Everyone believes the Fed pause is priced in and it will be a “sell-the-news” event.

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