Budget Update

SP500 market bid today after the House adopts a budget which opens up the release of a tax bill next week, but gains were curbed and the Nasdaq lost ground on a drop in the healthcare sector.

The competition to the Federal Reserve chair is reportedly down to current Fed Governor Jerome Powell and Stanford economist John Taylor, with Yellen herself now out of the running.

/ES Recap: Market filled daily gap and stayed above 2558-2559, with buyers leaning on 2560 towards GAP 2567. Finally market retested ONL 2556 and closed near value leaving a bullish imbalance (2568).

Disclaimer: All information on this update is for educational purposes only and is not intended to provide financial advice.

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