Fed Unchanged and Market Says So What
A little update. I’m long in index funds as of yesterday so today hurts a little, but lets see if the market could get back to flatness.
If the market closes down I’m holding for the “Fade the Fed” trade and if the market closes up, I’m still holding onto the longs. Well, if we were to see a rocket move up I might cut back, but it doesn’t look like that will happen.
The VIX is setting itself up for more contraction going into Christmas and that might help out the daily Nasdaq flag pattern to bust upwards.
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