Stock Indices Pause In Front Of Fed Announcement

The Indices continued in their rotational pattern today. As is typical, the internals continue to weaken not supporting price. This is likely a pause prior to the Fed announcement on Wednesday and the release of CPI numbers Wednesday morning. Use caution going into the Fed announcement. Unless or until 525 is broken in SPY and 450 in QQQ, the trend is up with a lot of rotation.

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