Pre FOMC quick take

Mar 21, 2023

All in the video, I cover a few of the sectors and point out this area has been tough resistance for the market in the past. Noone seems to be expecting more problems with the banks, which to me is sort of strange as we don't know the full fall out yet.

Good luck tomorrow - FOMC at 2pm and 2:30 press conference!

Mar 22, 2023

Note

if the rising wedge on SPY is real, we should have a final push up and then drop.

Mar 22, 2023

Note

I don't know if this will go higher, but if we sell off and there isn't a huge reversal to go to higher highs, something will be different than a typical announcement.

Mar 22, 2023

Note

popped the rising wedge, it may reject here, if not probably goes to 405 by tomorrow...

Mar 22, 2023

Note

looks like rejection as of now, powell press conference at 230 can save it though.