SPY Is Forming A Wedge

The FOMC will break us out of it, but I don't believe there will be any follow through.

PRE-OPEN MARKET COMMENTS TUESDAY – The market chop continues. Last week the market rallied above the 50-day MA and now those gains have been given back. A D1 wedge is forming and we are right in the middle of it.

Daily Bulletin Continues...