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FOMC meeting at 2:00 PM --> -100 points on ES


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#1 q4wer

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Posted 11 April 2018 - 11:31 AM

SMA 200 = 2596 first support.

FOMC meeting at 2:00 PM --> -100 points on ES



#2 saltlake

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Posted 11 April 2018 - 11:37 AM

Now thats a fearless forecast !

#3 Waver

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Posted 11 April 2018 - 11:40 AM

There is an FOMC Meeting today?

Or do you mean 'minutes' will be released today?



#4 Data

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Posted 11 April 2018 - 11:48 AM

It is the minutes.  The usual pattern is for markets to rise into the release time.



#5 q4wer

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Posted 11 April 2018 - 01:11 PM

It is minutes:

 

Minutes of the March 20-21 Federal Open Market Committee meeting released Wednesday show "all" participants saw some more interest-rate hikes as likely. Instead of discussing whether to hike rates, the debate centered more on how much tightening would be needed. "Several" Fed officials thought the Fed might have raise interest rates to a level that would act as a restraining factor for economic activity. Some argued that it might become necessary to signal this possibility in an upcoming statement. The minutes show a Fed that was confident in its outlook that the economy would recover from the sluggish first quarter and that inflation would move up toward the 2% target. There was a debate about the benefits of letting inflation modestly overshoot the 2% inflation target but also about the possible risks of an overheated economy.



#6 q4wer

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Posted 11 April 2018 - 01:34 PM

when the bad news is no longer responded with down move, it is about time to reverse ... I am seeing the possibility from here to go up ....



#7 Darris

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Posted 11 April 2018 - 09:29 PM

Maybe later....  
China trade minister spoke tonight with interesting interpretation of China President's speech the other night.  Similar SPX EoD bar pattern today with Fed mtg minutes as actual FED speak on march 21st.