Today Powell committed to easy money, while GDP estimates as of Feb. 18th are at 9.5% they feel there is still need for support. There is currently $3.1 trillion sitting in reserves in depository institutions. The idea is to bring that number back down to pre-pandemic levels around $1.4 trillion. With GDP estimates and all this money ready to flood the markets I don't see investors holding cash.
Immediate support is sitting at 3860 with targets at 3994 followed up by a break to 4058
ES found support off of it's 50% retrace near 3807
Daily closed a nice pin just above previous high
Let me know your thoughts!
Immediate support is sitting at 3860 with targets at 3994 followed up by a break to 4058
ES found support off of it's 50% retrace near 3807
Daily closed a nice pin just above previous high
Let me know your thoughts!
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.