Reassessment


Reassessment

E-mini S&P 500 Futures CME_MINI_DL:ES1!



Friday’s close and the S&P 500 implies a reassessment of what is happened over the last couple days with the Fed lowering the Fed funds rate by 50 bps. I was looking for a stronger confident close on Friday which did not materialize. Although the price structure on Friday is potentially bearish, I’m looking for an inside day as the market reassesses its outlook for the coming week.

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