The market’s been waiting… it seems… for today’s FOMC decision. It’s sure to provide some type of catalyst for volatility.. as it usually does.
I’m going to post just 1 chart of the e-mini SP500. We’re up against trendline resistance here, after a huge 7-month rally. A break higher will be difficult to sustain at this point. It sure looks like a pullback is coming to that bottom trendline near 1000 and the 50 day moving average. Big cap stocks such as CAT made huge moves this past week. It would surprise me to see them continue.
