Downward movement after Fed Decision

3 Dis 2023

There is a triangle forming. The indicators are showing that there will be downward movement. I suspect it will hit 61.8% Fibonacci retracement, but essentially it could go lower than that.

4 Dis 2023

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I should have updated this last night but I was tired. This is WRONG! There is no triangle here. I looked at the weekly indicators and they are showing a downward movement already so we may see the SPY decline before the fed meeting with the Fed meeting being positive and creating an upward movement.

But this chart is wrong so I will close it. I will possibly create a new chart in the future.