Volatility at Support Could Suggest Stocks are Overbought Into the FOMC!
Blake Morrow sits down with Katie Stockton of Fairlead Strategies ahead of the #FOMC to talk charts and her views on the markets.
Katie’s first focus in on the #SPX and she thinks we are overbought near term. That is the risk heading into the FOMC this week. Katie cites the #VIX at key support which could weigh on the stock market in general if volatility picks up following the Fed.
Katie also looks at the US Dollar #DXY and says there is no reason to believe that a top has been put in.
She also believes Bitcoin could breakdown below the 18K level and target much lower levels.
Katie discusses her new ETF: TACK
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