Well, sucks to see that we hven't really bounced, at least it looks like we have found at the very least a short term support. I have a feeling we'll see a bounce next week though, as the Big banks have released reports showing what a massive mistake the Fed is making and they are absolutely right, take a look at it here. https://www.zerohedge.com/markets/here-comes-pivot-jpm-sees-sharp-slowdown-economy-no-further-hawish-developments-fed
Yeah. That's the thing bothering me. This is not exactly the V shaped bounce we would want...
I don't think we'll get that till the Fed meeting. This meeting is the most important one in a long time, it will make or break the markets.
prediction: +0.5%, but nothing would be broken..it's "getting priced in"
What I mean is break in the short-term, as in market will collapse. It's not the rate move that matters now, as you say they are priced in. It's what their tone is that matters. If they maintain a strong hawkish tone, that is what will not go down well. If they change to a dovish tone, market will rally in a big way.
If they don't go dovish this time, they will next time, as the mistake will be very apparent.
