FOMC meeting largely results in minor stalling out, but no serious reversal thus far

Near-term and intermediate-term technical trends remain bullish for US Equities, but momentum remains under pressure in the near-term given the recent stalling out into this week’s FOMC meeting. The combination of overbought conditions coupled with a completion of DeMark-based exhaustion signals on daily charts for QQQ could still allow for some selling pressure in my view over the next 1-2 weeks.  I don’t find the near-term r...

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