15-Jun

A fast decline on short legs

Hello SpikeTraders,What the stock market hates the most is uncertainty. You saw its wild drop in fearful anticipation of Fed’s rate announcement. And today, though the Fed has sharply raised the rates but also gave what sounded like a straight talk about its plans, the market seems to have decided: heck, I can live with that – and staged a sharp rally.Let's look at our charts...

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