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Fed Release Today on Rate Adjustments- 15 Jun, 2022

The FOMC is releasing information on the newest rate hike. A transparent Fed like this one has said 50 basis points was the move ahead, but the market is pricing in 75 basis points. Having lived through a variety of bear markets, the one thing that I cannot overlook is the likelihood of a bear bounce and with flattening averages across the board we know there is a breakout or a breakdown ahead. I am hedged on either side. To know more, join the Teams room here, by becoming a Silver member.

Market outlook – Mixed with definitive headwinds south. But lots of hope abounding. What we have seen is that the breaks in price have been sharp. Hurry up and wait event ahead.

Levels to watch – for the ES_F – fibonacci at 3765 – but deeper support at 3708 and 3731 – we are in rollover into this new contract

For the NQ_F – deep support at 11252 – and first resistance is 11601 – if the FOMC says 50 basis points, then we will likely see a real bounce before the fade