Market Breadth Data******************************

Monday, September 16, 2024

SPX and the FED

 The daily Pattern Oscillator became overbought at the end of the week, although momentum can keep the major indices going for a few more days:






A .25 rate cut by the Fed and traders will bail because it's not enough.

A .5 rate cut and traders will assume that the Fed is panicking and the economy will crash.

In any case, Wednesday seems like a good bet for a CIT:





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