Our proprietary CRS system seems to show that the Dow is bullish and keep bouncing off our CRS supporting lines. But I do believe that this bulllish run might stop a bit soon! Perhaps tomorrow we might see a bit of weakening from the indices these few days.
When we say it might halt, I do not mean DOW will surely drop, but just that it might go sideways for a few days.
Expectation of a small tapering might have been already factored into this run-up. So it will be normal that the market will be holding back after the announcement by FOMC 2moro.
Time to monitor 2moro night's reactions and not advised to act now.
Rgds
Daniel
www.danielloh.com
