21-Apr

Spike Bounce returns to standby mode

Hello SpikeTraders,When somebody promises to punch you in the face, you shouldn’t be surprised when they show up in your yard to deliver – “Oh, I didn’t think you meant it.” Mr Powell of the Federal Reserve, in his fight against inflation, promised up to six interest rate hikes this year, up to half a point each – but when he showed up in the yard today to indicate that the next is coming in May, the market seemed surprised and ran down into its hiding hole, dropping stocks along the way.Let’s look at our charts…

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