Seems the analysts were caught off guard today after the Fed raised the discount rate from 0.5 to 0.75 AFTER MARKET HOURS..hmmm. In my humble opinion, this could very well prompt the YM to honor its technical levels and begin to possibly sell off. The YM reached its daily 61.8% retracement today and failed to close above it.The DX is headed for its next technical level of 81.96 then 82.49. This should allow a SMALL pullback(if at all) for the GU before another decline to its next technical level of 5300. Below 5390 should get the ball rolling to 5300.
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