Markets Anticipating Fed Statement
The market rose yesterday in anticipation of Janet Yellen speaking along with today’s Fed statement. The last two times she spoke, the market went much higher. Therefore because it happened twice it must surely happen again and again so there was lots of buying to be had in anticipation of the next payday.
The market is now very overbought. If the Fed states anything that hints of disappointment, a normal pullback is in store.
Battle Plan Subscribers should have locked in their gains in IWM on yesterday’s close.