Dow Jones Update: The King is back!?

The rally off the December ’18 low has been rather relentless. My initial expectation in mid-January -see here– was for a three-wave rally (a, b, c) with wave-a to SPX2625-2640, wave-b to SPX2500 and then wave-c to SPX2780. However, price exceeded the wave-a target zone and topped at SPX2675, then dropped ~60p, consolidated, and here…

S&P500 Update: Fibonacci in reverse!?

Remember my posted from October in which I showed the picture-perfect Fibonacci-impulse-pattern the Russell2000 had followed through most of 2018? Well, let’s apply Fibonacci again but now to the S&P500 and in reverse -looking down instead of up- to help assess downside targets and upside-reversal targets for the current Bear Market we are experiencing. And…

How does the market respond to FED rate hikes?

To fight recessions or combat an overheating economy, the FED lowers or raises its rates; respectively. You can see all the FEDs fund rate changes here. On December 16, 2008 the FED lowered its rate to <0.25%. Yes, rates did change a bit from month to month (between +0.07 and +0.20%), but they were effectively zero…