Is it possible for the stock market to repeat itself?
After the stronger-than-expected NFP last week investors are repricing the aggressive FED rate cuts expected for 2024. This was immediately affected in the stock market as the main indexes dropped and the dollar managed to recover some ground.
The month of January is generally weak for the index as the 10-year average return for this month is only 0.17% making it one of the weakest periods for the index.
A noticeable resistance zone can be spotted and used in advantage to look for shorts and get more than a 1:3 Risk-Reward-Ratio.
After the stronger-than-expected NFP last week investors are repricing the aggressive FED rate cuts expected for 2024. This was immediately affected in the stock market as the main indexes dropped and the dollar managed to recover some ground.
The month of January is generally weak for the index as the 10-year average return for this month is only 0.17% making it one of the weakest periods for the index.
A noticeable resistance zone can be spotted and used in advantage to look for shorts and get more than a 1:3 Risk-Reward-Ratio.
