I am typing this 45 minutes before the Big FOMC News. I’m going to fall silent for a while as I monitor (and deal with) whatever aftermath is foisted upon us by the Financial Soviet Politburo. Before I head off, I will leave you with this ES chart, which has twice repelled prices away from its broken trendline:
The NQ reached “escape velocity” but, at the moment, is below the key Fibonacci again.
Good luck, everyone. Well, at least my ursine brethren.
