FOMC and GDP numbers for Q2 loom large next week. With an interest rate hike, coupled with a higher than expected number for the GDP, a risk off environment will kick off, sending the USD pushing higher and the markets will begin a bear leg.
* The US will be in a technical recession if those numbers come in higher than expected, as this would make it two quarters in a row with bad GDP numbers.
* If price breaks the high of the SZ, then the setup is invalidated.
Feel free to drop a comment, and let me know if you agree or disagree, and let me know why.
Drop a LIKE if you're picking up what I'm putting down! ; )
* The US will be in a technical recession if those numbers come in higher than expected, as this would make it two quarters in a row with bad GDP numbers.
* If price breaks the high of the SZ, then the setup is invalidated.
Feel free to drop a comment, and let me know if you agree or disagree, and let me know why.
Drop a LIKE if you're picking up what I'm putting down! ; )
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