We are heading into a trading session principally defined by a heavily weighted event risk: the FOMC rate decision. Whether the central bank hikes 75 or 100 basis points matters for volatility, but the market’s course and tempo moving forward will depend heavily on the Fed’s forecasts and subsequent fundamental focus.
Having zoomed through this waffle you realise that really these monkeys know nothing. Just rubbish, pure and simple.
I stated before the news was out and on this forum:
"No matter what the rate there will always be a move that will wipe most day traders out, 3900 is strong resistance, strong support is 3800. My expectations are we get a push up take out the volume at 3890/3900 then the market dumps . No doubt the media will say his comments afterwards worried traders or some such hind sight rubbish."
Correctly forecast, follow these so called gurus if you want but don't expect to learn anything useful.