Later Today we have the FOMC Minutes where Jerome Powell Will be speaking. Today's meeting is expected to be the last Jerome's Powell FOMC as we expect Kevin Warsh to be confirmed next month.
Let's look at what happened after the previous FOMC meeting. From the chart below the last 7 FOMC meetings have resulted in a dump.
Today might not be any different. We have seen a break to the lower side of a trendline on the 4 hour chart and even retested which is a clear indication that we might continue lower.
