Perhaps it was an excessive amount of to count on a powerful rebound on a mushy ISM providers quantity.
Within the larger image, shares are nonetheless on a nine-week successful streak, so that sort overbought momentum is not going to be cleaned up by 4 days of promoting. That does not essentially imply the market must tank from right here however we would have to see a dovish validation from the Fed to get there and perhaps we observe a bit decrease within the meantime.
This text was written by Adam Button at www.forexlive.com.
