Market Update for Wednesday, September 20th, 2023

Good afternoon, traders.

After a harsh reaction to the FOMC meeting, the bears are getting even more out of this bear flag:


And if they keep getting more, they are going to take us to this neckline next, I would suppose:


This, however, still—as with yesterday—remains within the context of this:

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Ok, we’ll see if the bulls are cooked soon enough. I hope everyone has a fine evening, and I look forward to the bear porn on Twitter tonight.

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