Fed Needs To Be Dovish

The market has seen heavy selling pressure the last month and Powell needs to provide a safety net.

PRE-OPEN MARKET COMMENTS TUESDAY - The selling pressure has been heavy the last few weeks and the bounce off of the low has been unimpressive. The price action is choppy and the volume is light. If short sellers were worried and if buyers viewed this drop as a buying opportunity, we would have seen nice stacked green candles on decent volume. The bounce has not been steady and every move higher has been challenged. This is a sign that buyers are NOT that interested and that shorts are not that nervous.

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