FOMC day as market again retests the 20 sma on the daily.

Today’s pre-market forecast for the Emini S & P 500. FOMC day as market again retests the 20 sma on the daily. Neutral day today…..be careful.

mdcadmin

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• The rally is facing a key resistance area today. Will it hold?
• Market trying to recover from new yearly low. Will the rally survive?
• The market going from bad to worse as the weight of inflation crushes any rallies.
• Inflation and disappointing job numbers add to the selling pressure.