Exclusive Strategies

I was actually on the beach today and a storm started to roll in.  We got a beautiful Post Fed Rainbow, but I'm still looking for that Pot Of Gold.  Let's do a Post FOMC Market review...

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SPY  INTRADAY FED REACTION -  We have discussed that the Knee Jerk immediate reaction after the Fed is often a false move.  Notice the reaction in the SPY at 2 p.m., as it ran higher, and then the directional change that followed.

   

SPX DAILY -  The MACD confirms that the recent high was weaker, and we are due for a DCL. Watch the 50sma for a break down or support.

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