Overall the market is still looking higher on the larger time frames, but Toni Hansen is not finding a lot of setups on the daily and weekly charts that she has a lot of confidence in.
Toni Hansen writes that on Tuesday, the main economic event will be the afternoon Fed announcement. While not perfect, a typical Fed day commences with some upside action in the morning, followed by very light and risky mid-day activity.
Toni Hansen writes that it is likely the selling with continue as the week progresses, creating a greater correction on the daily charts off the recent highs of the past week.
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