The key today is not just the Fed decision itself, but how price action reacts around the announcement.
$SPY, $QQQ and $ES_Z are approaching an important technical inflection point. The current price structure and channel formation will be critical. A clean breakout above the channel could confirm continued bullish momentum, while a rejection and breakdown could signal that the current structure is failing.
FOMC can create violent moves in both directions, so the reaction around key channel boundaries matters more than the initial spike.
I’ll be watching price action closely for a confirmed breakout or breakdown rather than chasing the first move.
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