Stock Markets Continue to Look Volatile to Say the Least

Technical Analysis of the S&P 500

Due to our rebound from the 50 Day EMA during the trading session on Wednesday, the S&P 500 has increased slightly. Despite this, there will probably be a lot of loud behavior on the market going forward. Given that the Federal Reserve will be deciding on interest rates at the conclusion of the day, the market is expected to be quite agitated. However, more often than not, it will be the statement that matters rather than the choice of interest rates. It will probably be noisy and disruptive because people will be trying to predict where the Federal Reserve will go in the future.

The market has once again been extremely worried if we were to go down below the 3900 level.

Overall, I believe that this market will be weak going forward, but any rally at this time should be viewed as a significant opportunity. In fact, I wouldn't consider the trend to start changing until we break over the 4200 mark. The market is likely to move significantly higher if we were to break over that level.

The tendency would have shifted at that point. I would expect more noise in this approximate area than anything else. Because the volatility can seriously harm your account, I would also keep my stake size relatively minimal. In all honesty, until we survive the next 24 hours, this may be equivalent to gambling.