It went a little higher yesterday, which doesn't change anything. We should still go down next week as covered in yesterday post. This is just the typical bullish to flat bias that seems to follow every FOMC day, where the Thursday and Friday afterwards don't do much of anything, and typically hold the current price or float a little higher. It's always the following week where the real move happens, which could be up or down, but in our case it should be down as we rallied up into it. As for today, I don't have much opinion, but I don't see anything big on the upside. We should start down into next week, and at least fill that gap from 4/22.
Have a great weekend.
