Tag Archives: Dollar

What Does Today’s Action Mean for the Broader Market?

There is no doubt that the market acted very bullishly today. The S&P 500 formed a double bottom at 1926, then went on to form a hammer reversal, and then finally made a bullish engulfing candle, in which it recovered yesterday’s losses. But are we clear for takeoff yet? Not quite.

What Does Today’s Action Mean for the Broader Market?