SPX In Anticipation of the Hike Rejection

1. CPI/FOMC (13th / 14th Dec)

2. Rally Post mid elections (Georgia is Rep)

3. Fib Retracements

4. MA 50 as a support

5. Lets wait for daily closing above MA 200 as a Support

6. Let get downtrend for DXY confirmed (inverse to SPX)

7. Logic: FOMC eventually will decrease the rate (due to decreasing inflation) -> treasury price (inverse) down -> flow of funds from fixed income to equities.