SPX reached the target at the close yesterday (see the previous post - pick your poison). So now do we sell to 3750ish before the big Pow takes the stage? Could be.
The Dollar again is starting to rally so we have that as a headwind today, bonds also sinking to under 130. With the amount of traders not wanting to be in front of the fed, a 100 point sell off into tomorrow is possible but it's best to stay light in case there's trickery involved. Good luck.
The Dollar again is starting to rally so we have that as a headwind today, bonds also sinking to under 130. With the amount of traders not wanting to be in front of the fed, a 100 point sell off into tomorrow is possible but it's best to stay light in case there's trickery involved. Good luck.
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as of now my latest favorite risk on indicator - BTC - is holding the fib trendline. If it can stay above 18600, it may be a hint of more upside for today even though pre market is down.
Comment:
as of now it looks like the beatings will continue into the 3700's. US dollar again is problematic. Let's see what Jerome says tomorrow.
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extremely odd day, just watching it. Looks like a bounce into the FED decision is possible but it may be trap if we have a big move up from here.
