2025.06.18 FOMC day

goosin or dumping? war looming, and signals that the market is willing to go lower overnight has the market wondering.

n qracky
June 18, 2025 • Estimated Reading Time: 3 minutes

🔢 The Numbers

Bullcase

Bulls need 22145 to start being bullish. they’ll need to get through 22048.25 and 22072.5, and 22094.75 first. then we’ll see continue 22168.5 (it’s magnetic, and resistance). Then, 22183 will need to be conquered for us to have hopes for a red candle on the week.

Bearcase

Currently bulls aren’t in trouble, we’re in no-man’s land, but a loss of 21892.75 during or at session means 21975.75 is on the table. We have a poor low that would appear wants attention, at 21949.29, and if we break that, 21915.5 is back. we spiked this for a strong reversal yesterday, so i would expect support at 21949.25 and 21915.5 zone, but anything can happen. If they want it they may consolidate & dump, or cut like a knife through butter, but it’s a potential drama area..

📸 The Daily Picture

Currently, we’re exploring lower. I’m writing this before our housing starts news, and definitely befoure our FOMC interest rate decision. I’ll pause here and wait until 8:30 for more insight…

…annnnd, that did little. the real meat is 2:00-3pm today. Or, as we’ve seen, might be after the news is digested tomorrow. Interesting day. watch that poor low. good place for potential longs. but if we don’t see covering at that area, look out belower….the 21915.5 spike during the day, and subsequent fall in after hours should admittedly been a little scary for bulls…especially coupled with the poor low, as it seems to signal that the market is willing to go lower again.

📰 News

Date	Time	Description
6/18/2025	8:30:00 AM	US Housing Starts
6/18/2025	8:30:00 AM	US Building Permits Prel
6/18/2025	2:00:00 PM	US Fed Interest Rate Decision
6/18/2025	2:00:00 PM	US FOMC Economic Projections
6/18/2025	2:30:00 PM	US Fed Press Conference

Here’s to patience, learning, and profits!