16-Jun

S&P500 hits lower target levels

Hello SpikeTraders,Markets gapped down the traded near the day's lows in choppy trading for the remainder of the day. Yesterday the Fed increased rates by .75 basis points as they continue to try and fight inflation. What always amazes me is the fight against this inflation has only been talked about in the last six months or so, but inflation has been spiraling out of control over the previous two years. The Fed is always late to the game. Let's look at the charts...

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