The FOMC ended their two day policy meeting with a hawkish tone. Even with the Fed hawkish tone, the US dollar failed to mount any rally, as the dollar continued to consolidate it recent huge decline.
The US stock market and bond market failed to rally as capital continue t flee the dollar assets. The decline has just started. The equity market would need to drop much further from the current level to starts to trigger liquidation of the long position.
On the short term time frame, key inflection price level for NQ is 6970, bullish above, bearish below
The yield on US 10-Year Treasury bond.has just broken above the trendline that has guided it lower for the last 25 years.
