We strongly suspect that the Fed will raise rates at their Wednesday, December 13th meeting.
What’s the picture setting up in our Quad-Market Grid before the announcement?
Money continues – without stopping – to flow INTO the US Stock Market.
At the same time, Gold saw money rapidly flow OUT OF it recently.
The US Dollar Index initially saw bearish money flow but price turned higher with a break above a falling trendline and bullish bounce ahead of the Fed announcement (the Dollar typically benefits from higher interest rates).
Finally, Oil continues its upward bullish drift that developed a sideways trading range beneath $60.00.
We’ll keep you updated on these developments before and after the announcement so stay tuned!
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Corey Rosenbloom, CMT
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Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”
