Price is still on its way to mitigate the July FOMC level as I suspected a while back. I just got caught up in the short term and forgot about that prior post I made as a likely target.
I was wondering why the July FOMC level hasn’t been retested lately as the September FOMC level bounced off. It seems to be repeating the December 23 FOMC level where it makes a suspension above the level before coming back down.
Now, I will be closing watching the July FOMC level and if price will come to the tick to it before another rally.
The arrows marks every time the market dumps down to a previous FOMC level only to halt mere ticks from it without breaching. If the July FOMC level is to not be breached, then it too should dump down into it by mere ticks.
I am still bullish on the Dow and am not going to fall for the manipulation. I will expect that low to be taken and articles mentioning extreme bearishness and another crash. This will be about the time the market forms the low and rallies back up to 46,000