traderdan59

Bulls and Bears zone for 06-19-2019

SP:SPX   S&P 500 Index
Market has been trading in a range during overnight session. We will probably see same type of action all day until FOMC meeting announcement at 2 pm ET.
It would make sense to see a test of yesterday's High before deciding on direction. Very likely aggressive selling to follow later on this afternoon if the market does not like what FOMC report has to say. It is definitely going to be very volatile since last few days market has been trading in an expected range.
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