Source: Schwab Network
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KG: SPX Bull Flag Forms as SMAs Converge, Confidence Builds in AI Trade
Kevin Green offers more insight into the Fed's "hawkish hike" on interest rates and Wall Street pricing in up to two additional hikes before the end of 2026. The headlines sent an "initial shock" to the S&P 500 (SPX) before an eventual reversal, though as KG explains, the 20-day and 50-day SMAs converging lead to a dicey trading scenario.
Source: Schwab Network
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