The market received the FOMC projection and Powell’s press conference well. The DOW and SPY closed at all-time highs and while the Nasdaq is picking up some steam.
If you paid attention to the small caps you saw NFT related plays explode on pure speculation. The true signs of a hot sector.
I’m still risk-off as the market hasn’t yet proved itself to me. Yesterday’s “A” setup failed instantly… So I’m happy to let the week continue shaking out.
The VIX closed below 20, the first time in more than a year. Bulls are in charge, but futures are down. Bitcoin is moving towards all-time highs.