May 22- No Big Changes Yet

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Wednesday May 22 – Fed Minutes

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Today the Fed Minutes are expected to provide insights into the May 1 central bank meeting.  Policymakers decided to keep interest rates steady, and I do have some  interesting things to show you pertaining to that.  2 P.M. Eastern Time will be the time that the minutes are released, so set your alarm  🙂  Let's take a look at the Markets.

 
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SPX - This was the SPX in yesterdays report, showing a possible back test and the DCL is in place...

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May 20 – Still Choppy

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One thing that the markets do not like is indecision, and lately with the China Tariff  'cause and effect', the Markets are having a tough time gaining traction.  I believe we also get the release of the Fed Minutes this Wednesday,  so it seems like we are in for some more choppiness.  Let's just take a look at what the week started off like...

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SPX - We had the break of the short term downtrend recently, but the upside follow through has been lacking.  The SPX lost the 50sma, but  this may just be a back test of that trend line.  We'll see if we get a bounce Tuesday.

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