DJPT - 450.00 Whilst highly volatile in the 3 to 4 trading sessions prior to yesterday’s announcement of the Fed’s Jan meeting decisions and in particular Powell’s press conference on the same, the DOW has essentially traded mostly sideways.
Given the number of hand wringing headlines in US business press, further falls seem more likely than a bounce or a technical bounce imo. Surely investor confidence is frayed for now, lacking any conviction there is yet a dip to buy?
I am not brave enough to pin lower based on Euro markets and DOW futures. Maybe a bigger intraday fall, pared back to my pin by close lol.
