Fed Decision Day

The next FOMC interest rate announcement will be made 2:00 PM -EDT – 03/22/23. The  reaction to that announcement could affect the course of stocks for the next several weeks.

Recently blogs on this site have noted bearish factors that hint U.S. and global stocks could be on the verge of a sharp decline.  The 15 – minute S&P 500 (SPX) chart courtesy of Trading View illustrates a zone where the SPX could make an important top.

An SPX  move above .618 Fibonacci and chart resistance  could trigger a  rally until  late April/early May 2023 – the end of stocks bullish season. 


Published by Mark Rivest

Independent investment advisor, trader, and writer. Articles have appeared on Technical Analysis of Stocks and Commodities , Traders.com Advantage, Futuresmag.com, and Finance Magnates.

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