Good Day All,

The FED has spoken and it was an outcome that was pretty-much expected.

We don’t often read too much into sub-daily 2 hour charts but a possible double top pattern with a break of support has shown up RIGHT AT our 61.8% Fibonacci retracement level near $281.00 in the SPYs.  Coincidence?  Maybe, but worth noting!

Rolling is prudent.  Rolling when a bounce goes too far, too fast and fails 2 days in a row at the same resistance level after putting in a big gap???  You be the judge!

More when warranted!

Thanks,

Wayne