Cory4rex

SPX trading into Fed rate release

BLACKBULL:SPX500   Indice S&P 500
Light news week going into the Sunday opening until Wednesday when the interest rate is released. We could have one or two thing happen until the Wednesday release:

1) We see priced in data and a direction chosen into the lead up

2) We see price stall out until we enter the day into the rate release.

This is a market moving data release so this is one to take with precaution after the CPI data implied a 75-100 bp increase.

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