Good morning traders,
The FED yesterday says they are staying committed to raising rates, but will remain flexible, whatever that means.
The only thing that really matters is how the market responds, and the market seemed to like their stance. The market rallied after the minutes were released, but pulled back slightly at the close.
We are higher now, and I think we are headed for 4010 VPOC area from before. From there, I think we get choppy and trade sidways into the holiday weekend.
The FED yesterday says they are staying committed to raising rates, but will remain flexible, whatever that means.
The only thing that really matters is how the market responds, and the market seemed to like their stance. The market rallied after the minutes were released, but pulled back slightly at the close.
We are higher now, and I think we are headed for 4010 VPOC area from before. From there, I think we get choppy and trade sidways into the holiday weekend.