Supposedly a “bloody, Russian invasion of Ukraine is imminent. The Fed has called a previously unscheduled closed-door meeting for Monday. The initial fear was that the Fed would call for an emergency rate hike. But the meeting could also relate to the Russia / Ukraine situation.
Both Gold and Oil are spiking on the invasion fears, with oil approaching $95 per barrel.
In less than 24 hours, the S&P 500 has moved from the Weekly Expected Move High to Low:
One hopes that the WEM Low is enough to hold the market. It sliced through all other important support levels. Otherwise, lookout below.
A.F. Thornton