The fed has shown zero will to surprise the market. The market is pricing in the end of rate increases soon. The fed will probably follow. At this point, the fed is effectively useless and just implements whatever is already notice into the market.
Well they did surprise the market in December by upping the terminal rate and the market sold off.
However I’m guessing they’ll go with no changes via previous expectations this time. Market is pricing in 2 0.25% increases while Fed said 3 so at some point someone has to give. I feel like Fed would hate for equity markets to respond positively too early.
Alternatively, 
almost vertically after Fed FOMC.
Now, higher risk is not in the market, have to be in the market.
Potential inverse H&S. Fasten your seat beat. Traders are looking at it. Above 4100 would lead to short covering to 4300 and then 4600s.
Are you saying a face-ripper is coming?
Face ripper or grim reaper.
Same thing for people who are still short.
Traders are waiting for price action to tell them.
Above 4100, many traders would jump in long while shorts would rush to cover their shorts.
Meanwhile, they are waiting to see what happen.
I should have been more specific. They don’t surprise on actual rate decisions.
The terminal rate forecast is so far into the future. Everyone is just guessing. The data says inflation outside of the lagging rent number is crashing. It’s getting to the point the fed would be irresponsible and ignorant to keep pretending their housing number is accurate.
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If Fed says they are sticking with current plan, markets will tumble.
