Golden Cross should be appearing in a couple of days .. but remember it's a lagging indicator. Price and volume are your best indicators. Weak hands all cleared after months, US$40T debt, interest at 120% of US GDP, Trump focused on his granites WH driveway. Fed will probably be hawkish next week - does market ignore the Fed or reacts to it is the big question.
Remember the issue is REAL interest rate !!
Can Fed rise interest rate ? YES
Can Fed rise short term without impacting long term Treasury? Maybe , not for long
Can Fed rise interest rate without impacting US midterm elections? Probably not
US Treasury just half threatened and half begged the world to buy US bonds and keep bonds rates down. - the market Called bluff, took the US$4 billion and laughed.
Will the man who has a hand in crashing Japanese YEN and London Pound also be responsible for crashing USD ?
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