The Fed raised rates 50 basis points but the real news is that raised expectations for higher rates deep into 2023 and beyond. That is being "spun" now with the press, so the market reaction will not settle down until all of words and associated analysis is over. For our purposes, a few good trades to close out the year and start the new one will be triggered by taking out the following key levels, especially a closing basis. I will post either here, or to the morning PRO Updates, or both, as needed. Regarding Key Levels: If one falls, the others will likely, and quickly, follow. I will be monitoring all, plus some not shown. Once a Wave 3 down at multiple degrees of trend begins, it will be obvious to all. Note to self: At today's post FOMC low, the DJI was down 1,000 pts from yesterday's intraday high, and that low (33,700) may very well be tomorrow's key level. DJI - Key Level <33,400 SPX - Key Level <3859 QQQ - Key Levels <280; then <272
