3:04 PM · 27 August 2020

🚀 Fresh records for US indices 🎈🎈🎈

US500 and US100 have soared to fresh all-time highs after the speech from Fed’s Jerome Powell. Powell announced average inflation targeting that is about to ensure that 0% rates are here to stay for a very long time. While this was expected it nevertheless drove key US indices higher once again. US500 is close to 3500 points while US100 was above 12000 points before turning slightly lower. US100 is close to the upper limit of a very steep upwards channel.

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technical analysis

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