With both the Fed and the BoJ meeting Tuesday and Wednesday, huge currency moves are almost certain. With them, the potential for huge equity moves is quite elevated.
It has been 10 days since I released an alert [see: Psyops and the FOMC] that stocks were at a critical support level. The S&P 500 has tested that support three times since then, while central bankers have repeatedly shoe-horned the dollar higher and VIX lower.
Were they forcing DX higher in anticipation of a disappointing FOMC decision? The next several days will be a crap shoot, with lots of opinions but little certainty about what to expect.
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