01/26/2022 Live Update

[Trades w 2 Cats]

[BullBear52x]

Cash SPX, Chart pattern geek, looking down as long as it trades under range high. simplify!

[BullBear52x]

Fed day. best is to do nothing. now looks like a range day. Humm

[BullBear52x]

Range day trade. I will go with this Fib line now. no trend.

[Cobra]

Members only update at 12:20 pm
http://www.cobrasmarketview.com/2022/01 ... ay-update/

[BullBear52x]

Overall, I am not bullish. rising wedge from the over sold area is still intact. Fed or no Fed.

[BullBear52x]

Please post if anyone got info from the Fed meeting.

[jademann]

I guess this is where we just have to guess what happens next. I will probably buy SPXU today and some more later if there is a rally.

[BullBear52x]

put in buy or sell order in like 50 to 100 points apart.

my though is Buy @ 4352 and sell @4475, hope it's not too fast of a move, last meeting was not that bad (trade-able)

[Cobra]

3 minutes to roller coaster show. The market apparently expect a softer tone from Fed. Hopefully it's not disappointed.

[mbsquants]

(Bloomberg) -- The Federal Reserve signaled it will start raising interest rates “soon” and shrink its bond holdings after liftoff has begun, moving toward ending ultra-easy pandemic support to fight the hottest inflation in a generation.
“With inflation well above 2% and a strong labor market, the committee expects it will soon be appropriate to raise the target range for the federal funds rate,” the Federal Open Market Committee said in a statement Wednesday following a two-day policy meeting. In a separate statement, the Fed said it expects the process of balance-sheet reduction “will commence after the process of increasing the target range for the federal funds rate has begun.”
The pivot, against a backdrop of turmoil in stocks, comes amid consumer inflation readings that have repeatedly surprised and hit 7% -- the most since the 1980s -- and a tight labor market that’s pushed unemployment down faster than anticipated to almost its prepandemic level.

[mbsquants]

A rate hike would be the central bank’s first since 2018, with many analysts forecasting a quarter-point increase in March to be followed by three more this year and additional moves beyond. Critics say the Fed has been too slow to act and is now behind the curve in tackling inflation, though key market gaugesdon’t back that view. Even some Fed officials have publicly discussed if they should raise rates more this year than forecast.
The Fed stopped short of specifying March as the starting point of rate liftoff. It also reiterated that “risks to the economic outlook remain, including from new variants of the virus.”
The FOMC removed the previous opening line of its statement, which said the central bank was “committed to using its full range of tools to support the U.S. economy in this challenging time.”
The vote was unanimous. Chair Jerome Powell will address a virtual press conference at 2:30 p.m. Washington time. Philadelphia Fed President Patrick Harker voted as the alternate for the Boston Fed, which is currently without a president, while three vacancies at the Board of Governors reduced the number of voters at this meeting to nine.
Officials held the target range for their benchmark policy rate unchanged at zero to 0.25% as expected.
They also said they will conclude asset purchases on schedule, leaving them on track to end in “early March.”

[Al_Dente]

press conference 2:30
https://www.youtube.com/watch?v=TRkZ0P3ZnAM

[BullBear52x]

still nothing out of ordinary TA

[BullBear52x]

Breaking down, sell sell sell

[jademann]

no no not yet .. I am only 75% short..

[Al_Dente]

press conference 2:30
https://www.youtube.com/watch?v=TRkZ0P3ZnAM

also live on CNBC
https://watchnewslive.tv/watch-cnbc-liv ... free-24-7/

[Trades w 2 Cats]

I will have a nothing burger with a side of Fed Speak please!

OK, to epic up squeezes so far. First was a massive mystery put buyer that saved us from a historic size sell off, then last night it was Microsoft guidance. Today is what supposedly all the big boys were worried about but the Fed has done what they are supposed to do, exactly what was expected. So guessing we get some boring for a while.

[BullBear52x]

(Bloomberg) -- The Federal Reserve signaled it will start raising interest rates “soon” and shrink its bond holdings after liftoff has begun, moving toward ending ultra-easy pandemic support to fight the hottest inflation in a generation.
“With inflation well above 2% and a strong labor market, the committee expects it will soon be appropriate to raise the target range for the federal funds rate,” the Federal Open Market Committee said in a statement Wednesday following a two-day policy meeting. In a separate statement, the Fed said it expects the process of balance-sheet reduction “will commence after the process of increasing the target range for the federal funds rate has begun.”
The pivot, against a backdrop of turmoil in stocks, comes amid consumer inflation readings that have repeatedly surprised and hit 7% -- the most since the 1980s -- and a tight labor market that’s pushed unemployment down faster than anticipated to almost its prepandemic level.

How could that be bullish? easy money will be cut soon.

[BullBear52x]

/ES 4352 is key, breakdown the down trend to continue, very important on my read.