Hello Everyone,
Quick Note: Tomorrow we have the FOMC decision which many (see trading community post) seem to now favor a 75 basis point hike following the most recent CPI report. Make no mistake, the FED is in between a rock and a hard place (putting it mildly) but the market seems to favor more aggressive action. This may lead to some degree of a relief bounce/rally but IMO all roads (whatever action they take) eventually comes back to the primary trend (downward). With that being said, SPX/ES has resistance 3776-86 (broadly speaking 3800 area) then 3830s 3880 with support 3725 3670-80. Just be are that large moves can happen in a vacuum as liquidity gets pulled further.
Please take a moment to look at the trade ideas.
