{"id":19604,"date":"2024-03-18T12:18:47","date_gmt":"2024-03-18T20:18:47","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=19604"},"modified":"2024-03-18T12:18:47","modified_gmt":"2024-03-18T20:18:47","slug":"spring-has-sprung-on-the-last-day-of-winter-thoughts-on-this-weeks-fed-meeting-levels-for-march-19th","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/spring-has-sprung-on-the-last-day-of-winter-thoughts-on-this-weeks-fed-meeting-levels-for-march-19th\/","title":{"rendered":"Spring has Sprung ! on the last day of winter, thoughts on this weeks Fed meeting + Levels for March 19th"},"content":{"rendered":"
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Spring has Sprung !\u00a0on the last day of winter, thoughts on this weeks Fed meeting:<\/h1>\n

By John Thorpe, Senior Broker<\/p>\n

This week, the biggest takeaways that will impact equity direction and prices will be in the form of FOMC Rates..\u00a0The post release discussion will be the more meaningful trading part of the day.\u00a0The expectation of a zero rate change is nearly 100 % based on the CME FedWatch tool The market has discounted this result.\u00a0a surprise would literally Shock the market. This FED’s ongoing call for transparency truly would set a rate change now on an equity destruction path is they were to raise rates given the relatively inflationary\u00a0data releases since the last FOMC meeting.\u00a0if you would like to geek out like i do on research, here is an interesting discussion\u00a0The Fed – Macroeconomic news and stock prices over the FOMC cycle (federalreserve.gov)<\/a>\u00a0from the FRB , I bit dated\u00a0but still relative to the current environment as it relaters to Data and how the Fed rates individual data releases in importance and the relative impact these data sets may have on Equity prices\u00a0100 being the most important.<\/p>\n

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Plan your trade and trade your plan<\/a><\/p>\n

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Daily Levels for March 19th, 2024<\/h3>\n

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Economic Reports<\/strong><\/div>\n
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* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc<\/a>. Any statement of facts\u00a0here in\u00a0contained are derived from sources believed to be\u00a0reliable,\u00a0but are not guaranteed as to\u00a0accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own\u00a0judgement\u00a0in trading.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Get Real Time updates and more by joining our Private Facebook Group! Subscribe to our\u00a0YouTube Channel     Spring has Sprung !\u00a0on the last day of winter, thoughts on this weeks Fed meeting: By John Thorpe, Senior Broker This week, the biggest takeaways that will impact equity direction and prices will be in the form […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,231,76,230,30,61],"tags":[],"class_list":["post-19604","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-commodity-brokers-2","category-commodity-trading-2","category-day-trading-2","category-futures-broker-2","category-futures-trading-2"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=19604"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19604\/revisions"}],"predecessor-version":[{"id":19607,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19604\/revisions\/19607"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=19604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=19604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=19604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}