Our Urgent Market Update Video reviews important real-time market developments and their impact on high-probability trading opportunities. Today, we take a deep dive into the very obvious Indices market melt-up which we have been experiencing for quite some time now. We examine why we have seen this market melt-up, whether it will continue and how we will trade it moving forward.
We begin by looking at some of the more important economic data points over September and see whether these news events justify recent price action. This review starts with broadly better-than-expected US NFP numbers which fed into a positive growth narrative with a weakening Inflation backdrop. These have all enabled the Fed to announce a mildly surprising 50 basis point rate cut which only supports this melt-up market dynamic.
When we ask if it will continue, the answer we believe is a resounding YES (for now). A dovish Fed with strong growth, tight labour numbers and lowering inflation lends itself to further upside in the Indices along with a potentially weaker USD. We explain this technically, using the charts. However, it is important to stress that we can only hold this view as long as data supports this view. Like the FED, if the data begins to change then we reserve the right to change our opinion and outlook largely because we may see a significant reversal in a very short period of time so it will pay to be prepared.
Market Melt-Up but Will It Continue? – Full Video Analysis
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