What we know:
- FOMC meeting will be volatile paired with earnings releases this week.
- Markets fully expecting 75bps.
- If FOMC tone is neutral and rates do not exceed 75bps, expecting a bullish market sentiment and continuation up to 23.5k after a re-test of wedge breakout.
- If FOMC flips hawkish, a breakdown into the wedge could serve at the last bullet to the bulls and further capitulation expected.
- FOMC meeting will be volatile paired with earnings releases this week.
- Markets fully expecting 75bps.
- If FOMC tone is neutral and rates do not exceed 75bps, expecting a bullish market sentiment and continuation up to 23.5k after a re-test of wedge breakout.
- If FOMC flips hawkish, a breakdown into the wedge could serve at the last bullet to the bulls and further capitulation expected.
History doesn’t repeat itself, but it does travel in cycles.