Midweek Update

FOMC + Mr. Fed (No, not that one)

FOMC on deck today with markets stretched but still respecting the uptrend. Near term, SPY could easily test the 670–672 zone over the next few sessions on headline volatility and profit-taking, but that would likely be a buy-the-dip zone in the context of this final leg higher. Base case: weakness into/after the Fed sets up one more squeeze toward and …