$SPY will move at least 2% on January 31st for FOMC
@Twelve_E:
$SPDR S&P 500 ETF Trust(SPY)$ will move at least 2% on January 31st for FOMC. Trading can be extremely predictable if you are prepared for it. Here's 5 important things you need to know about next week.97.4% chance the FEDS will hold rates as is at 5.25%-5.50% and the probability of a rate cute in March has been decreasing from 75% down to 50%. Sentiment: Priced in or bearish from here for $SPDR S&P 500 ETF Trust(SPY)$ .ImageThe strongest chance of a rate cut is now in May. So for the next 5 months at higher interest rates consumers will slow down spending. The sooner the rate cute the better for the