• Ukraine/Russia - more talks, Zelenskyy addressed US Congress this morning, Putin did his normal responses (that I give up on trying to understand), Biden responded and sent over some new war equipment.  Some positive sentiment/home on this front that sustained.
• FOMC came in as expected.  0.25%, plan of 6 more hikes (total of 7 this year), and said they'll address the balance sheet at an upcoming meeting (May, I assume). cnbc.com/2022/03/16/federal-re...
• JPow was very soothing, he was back to his old self, and the market loved it.
• The SPY immediately sold off by about 5-6 points as soon as the FOMC Summary was released - sell the news moment.  Then JPOw took the mic at 2:30pm and it was rally mode from that moment on.  Just look at the chart, amazing: +10 points in 2 hours -- off the intraday bottom that was set from the FOMC minutes being released at 2pm.  You could have made a fortune if you timed that one right.  I did not. 🤡
• TRADE: I made several SPY/QQQ trades; one earlier than planned, mostly fumbled the ball on that initial dip, then I clawed back most of my mistake.  Smartest move?  Sticking to the original plan I posted last night of waiting until after he starts speaking to go in.  That would have literally been perfect timing. 🤦‍♂️
• A good day for the bulls, relief rally well in progress now.

• Nothing market moving on the economic calendar.
• Thursday, the focus shifts back to Russia/Ukraine conflict + riding the highs of JPow's love letter on Thursday.
• Chart (above): As I posted last night, I went bullish looking at that chart pending JPow coming in as expected.  That played out today.  Looking at tonight's chart, I think we're headed to 440 before this slows down.  
• Today was very positive on several key fronts.  It broke through 430 which was a big line in the sand and is now sitting at 435.  Unless something spooks the market overnight, I think the relief rally continues.