As of a couple of minutes ago the FED has announced that they will pauze the interest rates and not hike any further. Since rising interest rates seems bearish for markets, a pauze is often a much more bearish signal.
As seen on the lower chart, once the FED pauzes the hiking cycle ('flat mountain top'), it has often signaled a stock market crash in the not so distant future.
With the most recent pauze, one would be cautious for the future at the very least.
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