There’s no denying that the market was overextended as a result of last week’s Fed decision. So far this week we’ve seen a small pullback in price while many of the short-term indicators have worked off their overbought readings. As long as price stays above the 5-day SMA and the net delta leaning bullish for
Market View
I mainly focus on the SPX in my analysis as that’s what I trade. Here’s some charts that caught my eye this weekend. Keep in mind that we have the FOMC Wednesday afternoon and the bullish tendency that accompanies that day. If Monday is a down day I’d expect it to be bought up going