Janet Yellen used to be decisive but now she not so sure, and that's a gift to traders.
There are times when the market hands an opportunity to traders who use chart analysis. This is one of those times, when markets develop consistent patterns of behavior that can be used to set a profit target and a stop loss, creating a high-probability trading situation.
The common and dominant pattern in today's market is the trading band, created by a well-defined support level and a well-defined resistance level. Each of these levels requires at least three touch, or anchor points. Our preference is to use the close on a weekly chart for positioning these lines, which can often be verified by studying previous support and resistance activity at the level in previous years.
These support and resistance lines also allow for setting good stop loss points to protect trades.