Macro’s Take Over Now

With the FED bounce now behind us we can look at the various scenarios that could develop here:

1. The FED does nothing, Macros take over,  stocks go lower
2. The FED raises rates, Macros take over,  stocks go lower.

One thing to be aware of is the fact that the Nasdaq chart bounce has a potential two to three day island at the moment.  If this is completed by a gap down in the next few days, you could be looking at a big trade on the downside.