Blow-off top?! Market reacts to FED announcement | final bar
In this edition, we celebrate Fed Day. Stock Chart TV‘S final bar. There was significant movement before the FOMC announcement, and there was exceptional movement afterward. The market continued its aggressive upward trend, and the S&P 500 closed above 4700!! So what does this take away? Is this the explosive end of the movement, or a hint of a magical Santa Claus rally to come?
Additionally, guest TG Watkins, Director of Equities at Simpler Trading, stopped by the studio today to explain the sudden rally following Powell’s press conference and share how breadth plays into the latest market moves.
This video originally premiered on December 13, 2023. Keep watching our dedicated final bar Page On StockCharts TV or this link Watch it on YouTube.
new episode of final bar It airs live every weekday at 4 PM ET. You can view all previously recorded episodes from this link.
David Keller, CMT, is Chief Market Strategist at StockCharts.com, where he helps investors minimize behavioral bias through technical analysis. He is a frequent host of StockCharts TV and links mindfulness techniques to investor decision-making on his blog, The Mindful Investor. David is also President and Chief Strategist at Sierra Alpha Research LLC, a boutique investment research firm focused on risk management through market awareness. He combines strengths in technical analysis, behavioral finance, and data visualization to identify investment opportunities and strengthen relationships between advisors and clients. Learn more
