ES Morning Update June 8th 2020

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Futures are up some this morning but with an FOMC meeting set for this Tues/Weds I doubt if there's going to be much movement up or down until it's passed. So there's not much need for a long update this morning. If the Fed's say nothing much new then I'd guess we'll rollover slowly. If they say some thing positive then we grind on higher most likely, and of course if it's negative we tank. The market has only rallied as high as it is now because the funny money put in the market by the Fed... everyone knows it. If they stop for any reason you know the market is going drop, but only insiders know what the plan is, so until the event passes we will just won't know. Have a blessed day.