NY Stock Exchange Index – September 22, 2024
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's Charts 
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.