Hello Everyone,
As expected the Fed raised overnight rates by 0.5%, and as usual we saw the big volatility after the FOMC, the reaction was a downside move. Technically the market had formed a bear flag, which broke to the downside as expected.
Administration Note: Steve will be traveling from (12/15-12/23).
ES Levels (March Contract)
Upside
: 4068, 4084, 4105, 4120 4140 4155 4168, 4187
Downside: 4019, 4000, 3986, 3971, 3960, 3940, 3920, 3905
Trading View Chart Link
happy holidays!
Matt
