Market Outlook 06/16/2021
FOMC Day is here. Bears maintained some pressure on Tuesday but markets stayed in range as expected waiting for FOMC at 2pm EST on Wednesday. Typical FOMC days have a volatile 90 minutes at open followed by slow volume grinds till the statement release at 2pm EST.. and Wednesday is expected to be the same.
No reason to be bullish into FOMC and expect Fed…