Will the rally off Friday's low fail?

Today’s market went to a very important area and was rejected.  The rejection coincided with the Federal Reserve fifty basis point rate cut.Has the market lost confidence in the Fed?  Maybe. We’ll see over the next day or so. The line in the sand right now is the low from Friday.  Take that out on a closing basis, and another leg down will ensue...Everything we need is found in this episode of common sense market analysisThe analysis found in these videos is appropriate for both beginning Traders and experienced Traders alike.We look at only technical analysis using charts from various time frames using various vehicles. We use only the Candlestick charts and moving averages to determine our next best case scenario. Hosted on Acast. See acast.com/privacy for more information.