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RaftoO
Aug 31, 2022 1:51 PM

FOMC & SPY correlation 

SPDR S&P 500 ETF TRUSTArca

Description

Simple and sweet.. let's jump right to the point:

Six important meetings thus far in 2022: 50 - 75bp rate hikes and a hawkish pivot by the fed. On average, it takes the market three full trading days AFTER the last day of the meeting to determine the trend; which lasts approx. 30 days following the trend.

I see 5 - 10 percent (max pain) upside in the next 10 before further downside


PS: or we just free fall lol
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