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FOMC Gains Are Erased - Here’s How I Am Trading Today

Posted 9:40 AM ET – In my comments Yesterday I told you that a gap reversal off of the all-time high was very possible. The Fomc rally was driven by quadruple witching programs that kicked in after the statement and those gains were given back yesterday. The market will not have a decent bounce today until support is tested. Key changes in the FOMC statement from previous months: 1. The Fed will be reducing asset purchases (tapering) at twice the rate that was reported at the last meeting. 2. Virus variants could weigh on economic growth and Real GDP growth was …



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FOMC Gains Are Erased - Here’s How I Am Trading Today

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