Courtesy of Chris Kimble.
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Did the Fed make a mistake by raising rates yesterday? I will leave that answer to people that are much smarter than me.
From a Power of the Pattern perspective, what the Transports do at dual support above could say a ton about where the broad markets head from here.
Humbly, this does NOT look like your typical test of support. I say this because, if support gives way, 20-year channel support is a LONG way below current levels.
Did Janet make a mistake? Time will tell and what happens with the Transports index here, might give you a clue to the answer.
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