AndreasKleffman
๐ŸŽ“๐ŸŽ“Fed meeting in 17 days๐ŸŽ“๐ŸŽ“ ๐ŸŽ“๐ŸŽ“Market Analysis๐ŸŽ“๐ŸŽ“ This meeting includes economic projections and has a huge influence on the market. Especially if the market wrongly anticipates the Fed's next move. Through the year as economic data and earnings are released and Fed officials make speeches that all affect the market. This has been the case in the last week as 18 Fed officials have spoken, with $NVDA (NVIDIA Corporation) earnings and a trickle of economic data. The $SOL chart shows the Fed meetings as a๐Ÿ˜Ž. Of the 7 meetings 5 have moved the Solana price. The momentum of the price swings have shown up in the Williams %R indicator. There are clear repeating trends throughout the year. What is the Williams %R momentum indicator telling us? The last month is showing the swings as investors are buying the tech and crypto markets (Solana too) drawdown exacerbated by the increasing fear and volatility $UVXY (ProShares Ultra VIX Short-Term Futures ETF) . The upward momentum of the swings has been waning as with the recent downward swings. See trend lines on %R chart. As with previous similar chart patterns we are seeing the ending of the drawdown as the Fed meeting approaches. If we see a rate cut by the Fed its bullish but if there is a pause the drawdown is likely to continue. My opinion is that there will be a 7 to 5 split decision in favour of a rate cut. ๐Ÿ“ฃSUMMARY The end of the drawdown is close with more market moving events coming. The Fed meeting having an outsized influence. The Fed economic projections move the market too. ๐Ÿ“ฃDo your own research. This post is purely my own work based on market news and a desire be a successful investor.
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