FOR THURSDAY: (3/22) Usually the FOMC movement spills over into Asia and Europe with follow-through. We can’t sell major support on the S & P but can buy dips on gold and sell the dollar.
JUNE E-MINI S & P 500
TRADING RECOMMENDATION: Wait for morning comments.
S & P ANALYSIS FOR THURSDAY: (3/22) Wild ride. The trade wasn’t happy about rate projections for 2019 and 2020 and decided to sell the early rally, and tank the dollar and gold. We had gone into the week with a bias toward long metals and short dollar but got spooked and stopped on gold on Tuesday. Not sure what to make of the stock market and will wait for the morning.
CYCLE SYNTHESIS: Recovering into Friday.
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