Wednesday, January 26, 2011

FOMC Prediction

This FOMC meeting will provide no major surprises, the Fed is not ready to change its language other than maybe giving a slight improvement in the economic outlook.  There should be nothing to derail the current rally, but we might get a sell the news reaction anyway because we are right near 1300 SPX resistance.  If we do selloff on the news, it probably won't last past Thursday. 

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