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Last week was the week of the September F.O.M.C. Meeting. Let's review how the week played out and ended.
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SPX - We find the SPX on day 23 and that is within the timing that it could start to seek out a daily cycle low. I am pointing out in this chart that recently when the daily cycle has been in the 20's plus count, it has merely gone sideways, so upside may be limited here.
I did notice a few other interesting things with the General Markets however.
Read MoreWhen I was a kid and my mother was making Jello or a Chocolate Pudding or Cake, she would tell me that I should not be impatient. I needed to wait until it was finished 'setting up'. That is where we are in the Precious Metals sector, and also some Energy stocks, so let's take a look at the markets and then that area in particular...
Read MoreF.O.M.C. Volatility, you just can't trust the initial moves out of that 2 p.m. decision , but what is next?
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