The S&P held break out support at the 50 sma 4651 and bounced. But failed to break over the 10 this morning and that means if it starts trading below support it take out the enter Bullish Post FED short squeeze. Which is a sign of weakness.
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The way I see it.
It was masterful. First time the FED got hawkish since Dec 2018 and what did the market do? It soared and took out all the bears in a surprise massive short squeeze.
Then after the open yesterday the Pro's went short in another surprise move.
