US Indices Are Breaking Important Support Levels

US Indices Are Breaking Important Support Levels

This Early Morning Trade Plan session is designed to prepare you for today’s high probability trading opportunities prior to the European Open. Become a Member today and join us live by accessing this session in your Members Area. In this video, we observe how US Indices are breaking important support levels.

Something very important happened yesterday. The markets finally woke up to the fact that the FED is taking the US Inflation numbers very seriously. They are not only looking to increase interest rates till they get inflation under control (some believe the FED have already missed the boat on this) but they are now looking to begin tightening their 9 trillion dollar balance sheet as early as next month. This is according to the FED’s FOMC member, Brainard.

What does this mean for the risk markets? Well, reducing liquidity and increasing rates are broadly not good for equities. This is why yesterday, we saw some strong selling and we anticipate this selling to continue at least over the short term in US Indices markets like S&P 500, NASDAQ and the DOW Jones. They are definitely markets to keep a very close eye on.

US Indices Are Breaking Important Support Levels – Full Video Analysis

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