Post-FOMC Technical Look

Huge turn of sentiment after the FOMC’s dot plot indicated 3 rate cuts in 2024.

As Sam Rines pointed out in his newsletter: “it should not be forgotten that the dots will change. Will FOMC cut rates? Yes. When? No clue.”

Lets examine the technical situation

Small caps are back to their anchored VWAP from all time highs.

SPY completes both Combo and Sequent…