How Will $QQQ & $SPY Perform After the Federal Reserve Meeting? | Midday Market Minute | 5.3.22

Posted: May 3, 2022, 3:08 p.m.

Click Subscribe!! We Appreciate Our Followers!! It's a choppy day of consolidation ahead of the Fed Meeting tomorrow.... The $QQQ and $SPY both extended their ranges higher today, with the Nas getting it's nose above the overnight high. Staying constructive would mean closing above the lows of Friday.

Check out our Daily Morning Express Research for Support & Resistance Levels!

Crude Oil has surrendered $103 today, with the pace of various European countries banning Russian Oil being still affecting the price one way or the other. China coming off of their holiday (ends tomorrow) should bring new headlines to chew through.

In the end, today is light as traders wait for the Fed Meeting tomorrow.

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