Fed’s Miran: Reiterates policy too restrictive, underlying inflation close to target

Yeah, but it is all delayed data. The markets will still do something with the data....and the lower (holiday season) volumes will no doubt play a role in the direction of travel....but you'd have to think the move(s) will be more subdued.

Then again, markets are playing well outside their expected moves recently...so who knows.

/rty has a nasty looking H&S on the 15 min chart from last Wednesday till today (pattern not yet complete). /nq had a wicked hanging man candle from Thurs>Friday (and today isn't helping combat that bearishness...yet...)

Here's hoping the news is good enough to kick off a move higher into the end of the year (if not longer). The crypto markets crumbling, however, MUST be weighing on the equities to some extent. Even if the investors aren't the same, the sentiment that a crypto retracement preceeds equity (similar to the 2021>2022 move) is on my mind.....so it is likely on others' minds as well.

Funand games tomorrow!