te_fern wrote:Maybe why the SPX is struggling right here....
Also, after kabooming thru resistance earlier this AM, the smallcaps have stalled for about an hour just beneath that daily high. They were clear leaders earlier.
UUP just hit another hod, although it is not ranging widely.
yellow area .. HFT FOMC fireworks "possible" range… triangle restest … or break… so 2740-2705 ish either up down up… or down up down typical 3 point move.. 1st two moves head fakes.. blow out stops above and below.
all for what it's worth
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FED RAISES RATES QUARTER POINT, SIGNALS TWO MORE HIKES IN 2018
*FED ESTIMATES SHOW STEEPER PATH FOR RATE INCREASES IN 2019-20
*FED SAYS `ECONOMIC OUTLOOK HAS STRENGTHENED IN RECENT MONTHS'
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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yellow area .. HFT FOMC fireworks "possible" range… triangle restest … or break… so 2740-2705 ish either up down up… or down up down typical 3 point move.. 1st two moves head fakes.. blow out stops above and below.
all for what it's worth
triangle retest.. and bounce.. SPX stalls at 20d SMA 2735ish