The markets are likely to choose a directional price path after the announcement and press conference that will wrap up around 3 PM Eastern.
While the market is pricing in hiking, it’s not actually pricing in tightening. Or to put it another way, it’s not pricing in the kind of move that would meaningfully slow down growth or inflation.
Aspen Trading S/R levels are showing resistance @ 4,628.25 and we should wait for the market direction after FED announcement. Overall, SPX500 looks really good for a bullish move to the upside.
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Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information.
Disclaimer: This analysis is for information purpose only and does not constitute any investment advice.
While the market is pricing in hiking, it’s not actually pricing in tightening. Or to put it another way, it’s not pricing in the kind of move that would meaningfully slow down growth or inflation.
Aspen Trading S/R levels are showing resistance @ 4,628.25 and we should wait for the market direction after FED announcement. Overall, SPX500 looks really good for a bullish move to the upside.
Please like, share and follow if you agree with the analysis.
Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information.
Disclaimer: This analysis is for information purpose only and does not constitute any investment advice.