Here’s What To Expect From the Fed

This is the last FOMC statement for 2022

PRE-OPEN MARKET COMMENTS FED-DAY – Yesterday the SPY broke through a major D1 trendline that started back in December and it blew through the 200-day MA. The CPI was better than feared, but that enthusiasm waned quickly. By the end of the day, the down trendline breakout was rejected and the SPY closed below the 200-day MA. This was bearish and it is a sign that sellers are nearby.

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