The market relentlessly continues its push higher and higher and higher. Will this rocket ship ever run out of gas?
Folks,
have to admit, somewhat ‘surprised’ at the continued strength of the US equity indices.
the YEN ‘surprise’, the all time low square out on the NYA, the perfectly harmonic measured moves on the DJIA, etc. etc. etc. and the market just doesn’t seem to care.
so, we have ‘another’ major target on the NYA a little higher (about 4-6%) and that “SHOULD” cause resistance but …who knows.
BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.
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One thought on “NY Stock Exchange Index – September 22, 2024”
Considering the history of market performance following the first FED rate cut I think whether the economy is or is not in recession will be pivotal to this inflection outcome.
Considering the history of market performance following the first FED rate cut I think whether the economy is or is not in recession will be pivotal to this inflection outcome.