‘Twas The Night Before The Rate Hike

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.

december-14-2016

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..

Have a wonderful evening.

These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups. Subscribe to my nightly Daily Trade Ideas to see the rest of this letter.

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