The video in this report is only accessible to members
The video in this report is only accessible to members

The short-term pullback this week for US Stocks looks complete, and should be beginning a bounce which likely carries into early next week ahead of the CPI report and FOMC meeting.  While SPX likely gets marginally above 4000, I am not expecting an immediate breakout back over 4100 highs.  The bottoming out attempt in US Treasury yields likely results in a snapback rally post FOMC next week which translate into Treasuries and Equities resuming their 2022 positive correlation.  (After all, a few days of diverging doesn’t mean this is over)  Overall, focus remains on Technology as much as Treasury yields in the short run.  Given that SPX largely peaked out exactly where it should have, the burden of proof is on the Bulls to push prices back above 4100, which seems unlikely given that Treasury yields are right at support.  Overall, it’s not wrong to await confirmation either way before getting too aggressive, but the base case revolves around minor bounces into FOMC failing and selling off into December expiration.

The video in this report is only accessible to members

Gann’s Mass Pressure index remains on schedule

It’s worth pointing out that the Mass Pressure index direction, based on a compilation of several important cycles including the 60-year, look...

Unlock this article with a FREE 30-Day Trial!

An FSI Pro, or FSI Macro subscription is required in order to access this content.

*Free trial available only on a monthly plan

Disclosures (show)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 2 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In

Don't Miss Out
First Month Free