These are still two of the most important charts in the market, and given the moves we had this week, they are worth updating.

Bruce discusses the highly anticipated FOMC meeting today and the wild swings we had as a result of that, and FED Boss Powell’s comment in the conference call. Powell seemed hesitant to commit to rate cuts, as there is too much uncertainty around tariff negotiations and the economy as a whole.

Fibonacci analysts already have this level on their charts, and you need to have them on yours. A key line in the sand was tested today and this price will be important as we get into summer trading.

This is the week of earnings where four of the seven Magnificents report. Along with that, Core PCR, GDP, and Friday’s NFP. This alphabet soup is an important one when it comes to understanding when the FOMC is going to cut next.