S&P 500: It’s Over – Week Starting 8th January (Technical Analysis) (SP500)
monsitj The S&P 500 (SPY) made a 16.8% rally in just forty two sessions into the 27th December high. Amongst the euphoria and holiday cheer dovish expectations got excessive – according to the CME Fedwatch tool markets assigned a 73.8% chance of a 25bps cut in the March FOMC meeting, and a questionable 16% chance…