Fed Day tomorrow

Overnight said:
Nothing tomorrow matters regarding Fed. Only thing that matters is the war. THAT IS IT. You can tell by the moves on headlines.

The Powell speak, if nothing has changed, will cause a pop in the market. But it will be taken right back down by the war. Sux to be a bull. Today was such a headfake it is not funny, just like that pop on Wednesday last week.
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As I have been saying. Sell the rallies..today was an absolute head fake. Tomorrow if there is somehow another rally it will be a significant gift to sell and add in short positions.
 
Overnight said:
Nothing tomorrow matters regarding Fed. Only thing that matters is the war. THAT IS IT. You can tell by the moves on headlines.

The Powell speak, if nothing has changed, will cause a pop in the market. But it will be taken right back down by the war. Sux to be a bull. Today was such a headfake it is not funny, just like that pop on Wednesday last week.
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Got the same view as @Overnight
 
Sell the rally, markets looking like everything is fine and dandy when it's very far from fine and dandy. Selling opportunities to the max.
 
Jdesey said:
well,the day is finally almost here. What will they do? 1/4 pt move higher? 1/2 pt move higher? do nothing? who the hell knows. I think that no matter what the hell they do the market has rolled over and is in a downtrend. looking at a daily chart this downtrend started literally on the first trading day of 2022. View attachment 280347
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My take on SPX is it corrected in January and has been in range bound consolidation since. Note the following levels. Jan 27th 4326.51, Today in futures 4314. How is that a down trend ? Most consolidations do drift lower before they go higher. If support breaks it will be War related. But if the War settles, or earnings continue to impress next quarter, the most likely next move is a rally up.

I look at this as a sector dependent market. QQQ has been acting like year 2000 lite version, SPX like year 2016, and commodities like 2009-2014. Take a look at the SPX early 2016 the next time some yahoo like S2007S starts going on about rate hikes and crashes. In 2016, after the index corrected like now, he forecast an imminent 40-60% drop. So now we again have S2007S forecasting crashes on top of a correction. What could go wrong lol ?
 
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