SPY DOT PLOT

You might have heard me talk about the dot plot before or the SEP it is where all the members take a blue dot and place it on a chart where they believe rates should be in the future. They have been putting it off the last 2 meetings and a few meetings ago it effected the market in a good way which sparked the July rally, today they published the chart and raised the plot to 5.1 so that’s where the majority of members feel the rate should top out at. 7 members believe it should be over 5.25, 10 members believe 5.10 and 2 voted 4.80. So that is why the market reacted the way it did you can see when Powell started talking we almost made it back but there’s blood in the water so people are risk off for now. The market wants a rally but who knows when it will start I’m still sticking to the monthly box. I’m upset I totally didn’t think about the SEP I bring it every FOMC topic I right I’m blaming my in-laws that came in town and are staying for the week lol. I hope you had a good FOMC day or learned a thing or 2 remember take care of your mental health dial 988 if you need someone to talk to, people do count on you good or bad so stay strong. On another note
ATLAS boys they are some scumbags but there families have to deal with there decisions and that’s pretty messed up all the way around. People who pump and dump are just the greediest lowest forms because they can’t make it on there own so they prey on the vulnerable and unknowing who are trying to make a buck to put food on the table they will get what’s coming to them so please trust in yourself study and learn it takes time but you will get there
As always trade what’s in front of you good luck