The Day Ahead: PM Edition 2021-03-17
FOMC added fuel to the fire for today, not at all sure it lasts long
Bonds
The dovish tone out of the FOMC meeting drove bonds a bit lower but I am not at all dissuaded from my opinion that this is very late in the move. Notice the amount of positive divergence on the cyclic RSI at the top of the chart and that the 9-5 study will give an exhaustion signal on the Thursday candle when it closes. I’ve made small adjustments …
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