All in the video - wanted to get it out quickly - good luck!
Komen:
bears want this level held - 411.50 on spy. 18ma decides the bias - bullish or bearish going into fomc.
Komen:
18ma reached, let's see the close
Komen:
tlry and msos both positive today, watching the MJ stocks closely for a pop on news
Komen:
overnight was a bounce back and the rsi on small/mid time frames are too low. I still expect something like this today - one more high on SPX/SPY at least. Banks may get the most lift on any rally....
Komen:
if we do sell off with the announcement, there is structural support near 4115-4110
At this point I do think we'll go higher regardless of any sell off.
Komen:
more chop, maybe this kind of ping pong
Komen:
spy has a gap above, so something like this may occur. Best to wait for extreme low or high before taking a shot
Komen:
pull down to make a divergence on the rsi still looks correct. I expect the market to sell with powell speaking, then recover and rally hard.
