• SPY range was 380-386
• I mean, come on, pure gold! “Scenario 1:  We open at/around 382, pulls back to 380, support holds, knock around 380-383, close at 385 on “expected” FOMC results.”
• Only thing that was off was the close because of that wild drop at the end - Biden?
• Unfortunately, I didn’t have any time to trade today, so left it all on the table.
• FOMC minutes revealed nothing new - expected.

• Reports: Normal Thursday boring stuff at 0830am; Bullard at 1pm.
• There’s really not much to talk about here.
• DXY has ruled the roost the last two days - it’s movement is critical (inverse - normally - of SPY/QQQ).  Currently 107.  Could get to 110 (lots of damage along the way, if so)
• SPY levels: 373 > 375 > 380 > 385 > 390 > 395
• Chart - Weekly: Bearish (no end in sight long-term)
• Chart - Daily: Bullish.  RSI turning up, clouds about to cross.
• Chart - 4h: Bullish
• Chart - 1h: Just shy of oversold - still room to go - but I’d call this neutral.
• Chart - 30m: Hit oversold today - may have been the 3:45pm drop trigger.

• I don’t feel strongly about anything.  Fundamentals all say we’re going to hell.  Technicals say we’ve still got some gas in the tank for a rally to 390/395.  Be disciplined, don’t force anything on Thursday.
• Scenario 1:  We open at/around 384, maybe tests 385, can’t hold it - we slow bleed back to 380.
• Scenario 2: We open at/around 384/385, strong tailwinds, maybe DXY heading down, we’re on the way to 390.
• I lean towards Scenario 1 for Thursday.