Yesterday did pretty much what I expected... sideways to slightly down. Again, this pattern of doing nothing but chop in front of FOMC meetings is the norm and it's playing out perfectly so far. Today should be a nothing day too... meaning a little up or a little down but go nowhere big. After the FOMC meeting is when the market tends to go up the following few days. Even if something viewed negative is said the market still (after some wild up and down swings possibly) doesn't tank.
Here is that FP again... and remember this was put out last year on December 16th, 2024, so "they" (SkyNet? "The Algo's?) put these out way in advance.Â
It's like the Fed never want to be blamed for any sharp sell off in the market so the entire week of the meeting the market stays up. It's the following week where turns back down usually start. While I still don't know for certain that the FP on the SPY of 655.66 will be hit this week, it's certainly possible as it's not more then a couple hundred points higher on the ES/SPX and some good earnings from some major players this week might be all that is needed to cause the squeeze. Or something Trump says to spike the market? He certainly seems to know exactly when to tweet out some news to save the market at the exact spot needed.
Have an blessed day.
