Hey folk
I been waiting for the market to show me the direction. Finally i think the direction is set, the market may go up as the inverse H&S is formed. Today is an historic event, it is a FED policy interest rate decision meeting today ending unusually early at 12:30 pm OST.
Additionally, we are to witness the first ever regularly scheduled FED Chairman press conference. The markets will literally hang on every word Mr Bernanke utters.
I dont think that Ben Bernanke will move the interest rate higher today. If he does, we are in a great reversal.
S&P500 hav hit my target for this month of 1340s yeah yeah...Moving all the way to 1630s - 40s at the end of the year.
