The Day Ahead: PM Edition 2022-01-25
FOMC Eve. Can Powell thread the needle again?
S&P 500
Overall, today traded in the way I expected with a morning low followed by a bounce but trapped in a consolidation. The nature of that consolidation is what is up in the air. Bears hope that this sideways range is a [IV], the alternate on this char, and push to a new low for the week. A less immediately bearish resolution would see this consolida…
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