SPDR S&P 500 (SPY)

[learningboutinv]

Yup... That's Scam's slimjim rule. Anyhow, I put a super tight stop on my QID a penny below the lows for today.

FOMC Rules as I remember is at 14:15 there will be a spike and then reversal of the spike and then reversal of the reversal. Then if I remember correctly, tomorrow, the market will go in the opposite direction of the close today.

So:

1) If we get an UP-Down-UP spike at 14:15-14:30 and continue to close on up, tomorrow is a reversal down.

2) But if we get a DOWN-Up-DOWN spike @ 14:15-14:30 and continue down, tomorrow will be an up day.

Personally I am hoping for 2) since I am short already. But also because that will setup the long position for ToM, 401K, and 4th of July.