SPY Prediction through next FOMC meeting March 21st and beyond.
Looking at the past FOMC meetings, we always had a green day, and then a red day, followed with the beginn of a new downtrend. Since the economy is not slowing down as fast as needed for inflation to drop, we might be looking at 25 to 50 points rate hikes. If this will play out, then on the daily we will see a head and shoulders pattern forming.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.