How To Trade Double Top & Triple Bottom: SPY
@ZEROHERO:
Stocks on Wall Street and in Europe earlier rallied after data showed cooler-than-expected U.S. headline inflation in March, raising hopes the Fed could pause monetary tightening following a 25-basis-point rate hike next month. But inflation is still running well above the Fed's 2% target, causing market angst as investors try to assess when the U.S. central bank might pause its hiking campaign to slow inflation. Double whammy for everybody "Right now the conversation is all about when the Fed starts to move in a different direction," said Johan Grahn, head ETF market strategist at Allianz (ETR:ALVG) Investment Management in Minneapolis. "I don't think the Fed will move until it's painful enough that people are going to shy away from placing their chips on the equity market," he said. Anth