ES levels 9/22 - The FOMC meeting

The meeting was apparently a great deal about nothing. After reading the report and listening to Powell's speech he didn't really say anything I wasn't expecting, and I don't think he said anything that big money wasn't expecting, but they may have said things retail investors weren't expecting. Keep in mind that many retail investors do not follow the markets as closely as we do and they may be spooked over tapering completing by mid year 2022, as well as interest rates increasing next year. This is the first time I've heard them really come out and say that these things will happen as they've been very neutral up until now. This was nothing unexpected by big money and the savvy trader, however retail is likely to cause volatility tomorrow.

Personally I believe that it wasn't dovish enough to push the market back up, so it will need to find another way to climb back to all time highs if we are to see them again soon. Watch your channels and your fibs. Good luck!