To gain an edge, this is what you need to know now.

Momo Buying

Please click here for a chart of Nasdaq 100 ETF ().

Note the following:

  • The chart shows aggressive momo buying.
  • The momo crowd often buys ahead of the Fed decision. Today is no different.
  • This momo pattern has worked well recently because the Fed is always trying to pump up the market.
  • Could tomorrow be different? Ultimately, the Fed is going to get boxed in and be forced to adopt policies that are in line with the economic reality.