Discover more from Investor Charts

Bringing evidence-based / data-backed technicals to your inbox, daily. Not selling anything. Just Macro trends, DeMARK indicators and some stats.

The Fed Does Not Want Stocks Up (Kinda)

PetrTrades

Feb 1, 2023

Hi friends and colleagues,

My latest video titled "The Fed Does Not Want Stocks Up" is online here.

https://www.youtube.com/watch?v=mMztJph1ORU

While I am a little apprehensive on jumping into the S&P with both feet on the long side tomorrow, I cover a couple of long setups most notably in the EV $RIVN and $PLUG.

What I am mostly looking out for is the Daily 9 DeMARK sell signal on QQQ that will happen tomorrow on a close above 291.22.

However, all this being said, the S&P Mini's holding above 4000 is objectively bullish and a qualified breakout. If the Fed doesn't torch the market tomorrow talking up rates, look for 4200.

Best of luck trading tomorrow. "The Fed Does Not Want Stocks Up" is online here.

Bless