Disappointment will be the name of the game tomorrow whether or not you are for or against FED Hike. So far from yesterdays observation, markets seem to be optimistic that FED wont raise rates, and it carried over today. EW counts have been altered yet again, but this just serves to show potential moves of course not trading confirmation or facts.
Most important to note is that prices are just under the 200 moving average of the 60min chart. If these MA are important to the daily charts it will be important to all time-frames. So watch for this tomorrow.
My EW bias tells me that whatever the decision by the FED, the markets will eventually make its way lower.
SEN: Bearish
ST: UP
PA: UP
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