Bulls Defend 2600-2630 On S&P 500 Last Week – Market Reaction To FOMC Meeting This Week Likely Tell
Bulls last week defended support at 2600-2630 on the S&P 500, which has rallied massively since bottoming on December 26. Daily conditions are deeply overbought, pricing in a dovish Fed. A two-day FOMC meeting begins Tuesday. A ‘buy the rumor, … Continued