I want to apologize since I got the wrong day for the fed decision. It is actually today, not yesterday. But believe it or not, the message and levels are pretty much the same as yesterday.
The only difference is regarding today’s economic data. Jobless claims rose more than expected, up by 15,000 to 382,000 and PPI climbed to 1.7% and Core PPI Up 0.2%.
I don’t have to say that these numbers are surprisingly not relevant, since on fed day, even if we have the president doing a double back flip in the middle of a G7 meeting, it just won’t matter. The fed is the most important thing on fed decision day period.
$SPY 1st support is 143.93, 2nd support 143.25, and 3rd is 142.87.
$SPY 1st target is 144.60 , 2nd is 145.19 3rd is 146.13, and 4th one just for fun is 146.84.
Trade what you see not what you think.
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