We're now trading in the bottom half of this channel going back to 2019. I see three options to choose from between now and the next Fed meeting in March.
A - Reclaim the upper half of the channel and continue the trend upward.
B - Chop around in the bottom half of the channel until the Fed offers more certainty and clarity for the future.
C - Make another leg down to the lower quarter as uncertainty and fear continue to peak.
A - Reclaim the upper half of the channel and continue the trend upward.
B - Chop around in the bottom half of the channel until the Fed offers more certainty and clarity for the future.
C - Make another leg down to the lower quarter as uncertainty and fear continue to peak.