HAWKISH HAWKISH HAWKISH - MUST MUST MUST
Tonight Powell must be very assertive towards terminal rate of 4-4.25 by the end of 2022.
The market so far did not trust Fed, SP500 & Gold did 4days upwards movements.
So tonight if Powell says nothing clearly then market will keep going up .
IF Powell changed his mind about neutral rate then towards keep hiking but not in a hawkish way ( recession is clearly confirmed) then following the blue arrow lines.
if Powell straight away talks about recession and inflation like Volcker time then market following red line to South right away.
i am currently shorting SPX 500 with 100 pips floating profit
so good luck to you all
leave comments