This May be the Quiet Before the Storm
As I mentioned yesterday, short term historical volatility in SPY has reached extremely low levels and the same holds true for the majority of stocks in the US. This may be the quiet before the storm and that storm will be tomorrow’s Fed announcement. Any movement today will be guessing done ahead tomorrows reports because nearly all major indices are in neutral territory with few short-term edges in place. One more day of this and then expect movement tomorrow afternoon.
Today’s Potential Opportunities on Further Pullbacks:
ETFs: QQQ