SPDR S&P 500 (SPY)

[Fox13]

BE: This “anti-chart” is my 30min Q-bonacci, in which Miss Frama and Mr. Magnet are having the ritual pre-OP.EXP encounter, just like in Feb. In front of us, some “fundamental events”: St. Patrick’s is just before the Fed Day - a real bummer! Anyway, during the next few days, THEY cannot let the market go up, because the FED has to be convinced that the market needs a 0.75 pts. rate cut. This view is in line with the recent downturn of Miss FRAMA, who ended the day at the same level with da Magnet. There should be, in the meantime, plenty of volatility and we can have fun. Big Q: what will the FED do? Since the reaction to whatever he does is separated by only one day from Op. Exp. (on Thurs. because of Good Friday), this reaction will be probably violent. Most would say: in the opposite direction! Are you ready to ride it?