SPDR S&P 500 ETF TRUST

SPY CPI LEAK? FOMC

So the rumor is yesterday’s midday rally came from a leak of the CPI 7.1% print of course the White House came out and said there was no leak, sure there wasn’t someone always knows. The cooler print was nice but immediately the profit taking started and like I said yesterday the first 15 minutes will decide the trend and down it went. Know tomorrow is a different story seems like these FOMC meetings are changing you get the rate hike the market reacts for 15 minutes then Powell talks and it goes a different way at 2:30 est your best bet is buy 10 minutes before 2 then set your sell order then buy again at 2:20 set your sell orders. The IV is through the roof so is it really worth it? Like I always say only use money you are willing to lose. I believe we rally with a 50 bps since it’s priced in. Fade the pop read my past FOMC post they have been pretty spot on
As always trade what’s in front of you good luck

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