UPDATE March 21

well, iam back home. I'm still tired and still so much to do. The snow melted in my absence. Now in the coming weeks i have to hammer the ice out of the river beds, turn the soil, clear all the duff, feed for spring, set up all my planters and flower beds, seed, and set up the solar. Busy busy busy. But as a former mentor once told me, "There is no rest for the wicked"   maybe that's why iam so tired 🤔. Anyways, here is my take on where we are -

The FED has started their meeting. Their notes get released on Wednesday. I expect them to raise .25 as predicted. It is the dot plot (where the voting members forecast future rates) that the market is waiting to see. That will tell us where the FED intends to go with rates.... Here is where I side with this. J Poww has to raise .25, if he raises higher, it will spook the market. If he goes lower or pauses, that will be a sign that something is wrong. A FED pivot or pause is NOT good. It means they are admitting they broke something.

After the dot plot is revealed, J Poww has his Q&A session.

$Spdr S&P Bank Etf(KBE.US)$  Bank ETF. Nothing bullish here, just some sideways trading while the MAs catch up.

$Invesco QQQ Trust(QQQ.US)$ Could run to 311. I also have a 307.8 for a resistance today. There is a bullish set up, where this completes my original 5 wave sequence up. That target is 319. iam not betting on that yet. if QQQ breaks 313 I will re-evaluate.

$E-mini NASDAQ 100 Futures Main(JUN3)(NQmain.US)$ Nasdaq futures are running ridiculously hot. If Nasdaq wants to take off to space and then burn up on re-entry, iam fine with that 😅

Be Safe, Be Careful, Be Wise

and as always

Good Luck