SPY We all know its just going to be neutral with zero change. They aren't cutting rates. June is the meeting that will tell all. THATS when the blood bath will occur if they decide to skip it.
SPY Short term, good place for bullish entries. We're retesting demand and ES1! had a huge bullish overnight candle. But we're also at supply and all the longs from march are looking to unload. I'm nibbling long with a hard stoploss. If the tariff drop was leg 1 down, this can take a truly horrific tumble.
SPY i know it sounds cray, all this bearish power makes me think it climbs after FOMC, and drops tomorrow... but im remaining as unbiased as possible...
SPYSPXAAPLTSLANVDA Good morning, traders! Today is the Fed interest rate decision day. What are your expectations for the meeting? Price action is (~looks) strongly bearish, and it feels like we are heading toward the next support at 548. However, based on past FOMC days, we've observed that market makers (MMs) often do the opposite of what they initially show. SPY is currently trading below the volume point of control, and a reversal to the upside is possible, as the delta change on the 1-hour timeframe is not significantly negative enough to support a strong bearish trend. I expect the price may drop to 556.50 to trigger the mass stop-losses. I’ll wait and watch. What do you think? Comments and suggestions ?