From a technical perspective, the S&P is showing a bearish outride reversal day, with confirmation if we settle below 4445. For the Nasdaq, 13,700 is our level of bearish confirmation.
James Bullard (St. Louis Fed President) has put 75 bps on the table but this is expected. The market is more concerned when Leal Brainard and Jerome Powell speak hawkishly, which traders are patiently awaiting their comments this afternoon.
$105.60 was a huge resistance level for Crude Oil, which we hit today.
Gold is still working on regaining its footing, while Silver is attempting to hold its trendline at $24.45.
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