Khans SPY-Outlook for 03/16/22
WE are heading into a (historic) FOMC Meeting.
SPY gapped up yesterday, "semi-positive" vibes from the Kreml + jumping chinese markets pushed it higher.
It produced a gap below, but for now we are above EMA 20 on the Daily.
As usual during FOMC-days expect a lot of fake-outs.
If we will get the 0.25 hike i assume more bullish-pushs - they will have to unwind a lot of hedges. Keep OPEX this week in mind.
SPY gapped up yesterday, "semi-positive" vibes from the Kreml + jumping chinese markets pushed it higher.
It produced a gap below, but for now we are above EMA 20 on the Daily.
As usual during FOMC-days expect a lot of fake-outs.
If we will get the 0.25 hike i assume more bullish-pushs - they will have to unwind a lot of hedges. Keep OPEX this week in mind.
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