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Mopex To The Left Of Us, FOMC To The Right
Never a dull moment in securities markets. Friday saw monthly options expiry for the major equity indices - this is an important event, as we discuss in this post. Right now market makers are unwinding the long hedges they held into opex, which is one of the reasons the indices are so volatile today. Wednesday brings the FOMC rates decision, with a 0.25% hike expected. Oftentimes FOMC days are also major volatility events with large account players headfaking retail thisaway and thataway.
In the larger degree we remain bullish on all four major indices, even if we see some short term selloffs. For our Premium and Pro members we walk through our Nasdaq, S&P500, Dow and Russell 2000 charts below, together with our Bitcoin and Ether outlooks.
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