Is It Fed Wednesday Again?

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On a day like today it feels like there is so much to say, yet what can be said? Lets do something a little different today.  lets look at what happened on OCT 28, the last Fed Mtg.

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SPX- After Janet finished speaking, the SPX closed higher (Red Arrow). It paused for 2 days, and then had 2 more up days and that was The Top. That Fed Wednesday was exciting, but it was rather short lived when you look back at it.

SPX OCT FED

This is interesting...

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What’s The Big reveal?

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In case one couldn't tell , "It's A Fed Thing".   I thought that maybe it would be a little quiet leading up to the Fed declaration on Wednesday and then we'd see a little fireworks, but its a Fed Thing.  Things started shaking up long before Wednesday.   Lets take a look.

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SPX WKLY -  from the weekend report, the weekly looks a bit bearish.

SPX WKLY 12-11

SPX DAILY - from the weekly report. I did mention that we could bounce off of support, but will it get that far?

SPX DAILY 12-11

Todays reversal looked quite convincing, so has my thinking changed?

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‘ Who’ Cares- Another Fed Week

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I'm not one to blame news events or market manipulation for all of the moves that the market makes, but this Fed decision is likely already one that is affecting the markets.  The charts are showing signs of change, so lets dig deep and see what we can find.

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SPX WKLY- DO you see weakness in recent weeks in our 'Bull market'?

SPX WKLY 12-11

Pullbacks of 10 % can be healthy in a bull market, but lets take a deeper look...

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