Powell tonight is set to cut the expected 25bps which is fully priced in. Expect selling to meet any whisper from him that they have no plans to cut further. The equities market will look to blow off a top at 6000 on ES I think and then revert.
We will be live in the Duggan Capital discord for FOMC with analyst and live commentary throughout from 18:45 through 20:00 London time.
Levels to watch and directionality for each product in the video below.
Have a good one.
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