Going to be quick here, but I wanted to give y’all a quick glance at the S&P and Nasdaq charts. We still remain stuck in a rock and a hard spot, however, it looks like the bears are starting to show a little bit of bend of late. If the market plans on moving higher any time this year, it has one of its best opportunities with the Fed Statement coming out tomorrow. It is worth noting, that 10 of the past 12 Fed meetings the market has rallied on the FOMC Statement release. As always, you can find the statement and what it says at SharePlanner at precisely 2:15pm tomorrow (they’ve actually been running a few minutes late recently).
Here’s the Nasdaq and S&P charts…
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