ES Morning Update February 20th 2019

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Not much to add this morning. I don't expect any big movement in front of the 2pm FOMC today. Yesterday SkyNet teased us by rallying up close to the FP but not close enough to call it "fulfilled". Same thing on the downside "possible" FP as we rallied right after the open and did not hit it either. Tough call on whether it's a late fill or a real FP, but the upside one is real for sure. My guess is that it will be hit tomorrow. But whenever it's hit I think the top is "in" and the next big move down will start right afterwards. I'll end this update there as nothing more can really be added. Best of luck to us all.