the banking crisis forced the fed to expand its balance sheet instead of shrinking it, undoing 2/3 of its work of shrinking the balance sheet for the past year. this flooded the market with liquidity and gave the stocks a boost. effect of quantitative easing or simply increase money supply. increase in money supply causes devaluation of currency resulting in inflation. this means that interest rate will have to increase further in order to curb inflation. the fed should have just reduced the money supply first instead of increasing interest rate and reducing money supply at the same time. the fed already tried this in 2008 and failed. this time they failed again...

$FTSE 100(.UKX.UK)$   is historically the leader of $S&P 500(.SPX)$ , ukx is trying to break above the resistance zone at 7720 convincingly. spx and its etf $SPY(SPY)$  are bounded by the middle bollinger line. it has to break above 4200 and 420 convincing in order to be in a bullish uptrend. it has been in this consolidation pattern for the past 11 months, can it break out this time with the increased in money supply to save the banking crisis?

do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.

merci beaucoup@TigerStars   for remembering to pick my article after coming back from a rest day.

@Asphen  and @LMSunshine  , here is my interpretation of the current market situation. merci for tagging me and exchanging ideas.