SPY Is Rocking Leading Into The Rate Hike

Published 12/14/2016, 12:58 AM
Updated 07/09/2023, 06:31 AM
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Strong action continues as we ramp into the all but certain interest rate increase Wednesday.

This rate increase has been known and already priced into this market so I don’t see any reason why we’d fall on the coming rate ramp, but you just never know.

Nothing is ever certain until it happens.

SPY Daily Chart

SPDR S&P 500 (NYSE:SPY) is rocking and doesn’t look like stopping.

You never know how things will act after the rate raise but I’d imagine we see a spike lower, where we may be able to get a few deals if we are very quick, before a continuation of the trend up resumes.

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