1/30/24 – FOMC Tomorrow – Market Crash?
With FOMC on the horizon tomorrow the big question here is. Will Powell be able to save these markets or are we about to crash? With some tech earnings names like $GOOGL & $AMD getting hit pretty hard it does have the Nasdaq looking a little weak here in the after hours. There is a key level right here though that I’m thinking will try to at least hold initially, but if it fails then look out below because we have plenty of room to drop.