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01
Feb
2023
The Month Ahead – February 2023
The Federal Open Market Committee (FOMC) statement is used by the panel to communicate the monetary policy to investors. It’ll consist of the outcome of the vote on interest rate and provide possible clues of future votes as well as discussion on the economic outlook.
01
Feb
2023
Wednesday 01st February 2023 : Technical Outlook and Review
Looking at the H4 chart, my overall bias for S&P500 is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect the price to possibly break the 1st resistance at 4109.25, where the recent high is, before heading towards the 2nd resistance at 4180.00, where the previous swing high is.
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01
Feb
2023
The Month Ahead – February 2023
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