On Wednesday’s FOMC Event, the fed announced a hike in Interest Rates to 0.75. Jerome Powell spoke after causing the market to react negatively to his comments on if high rates are here to stay in the long term. Note these two other reports are releasing this week. On Thursday at 8:30 a.m. EST, Jobless Claims will be released, and Non-Farm Payroll will be reported on Friday. This week the S&P 500 (/ES) held structure and my bigger picture trendline around $3,903. After Wednesdays FOMC Event, /ES broke my main downside target at $3,850, the 50-day simple moving average (SMA). In the video above, we’ll discuss major levels to watch on /ES after FOMC. We also break down my key targets on AAPL.
