Day-Trading Scenarios for Jun 16, 2026

Fed announcement tomorrow.

Market overbought yet not easy to find short trades. We stick with trend until it changes. Buy pullbacks.

The Dow surged 468 points (+0.92%) to a record close of 51,671.03, also hitting a new all-time intraday high during the session. The catalyst was a big fundamental one — President Trump announced that the U.S. and Iran had reached a peace agreement, sending the Dow jumping as much as 700 points intraday. Oil cratered on the news, with front-month WTI crude tumbling nearly 5% to $80.75 per barrel — its lowest settlement since early March.

The market is now in a holding pattern for a much bigger event. The FOMC begins its two-day June meeting today — Kevin Warsh's first as Fed Chair — with the rate decision and updated dot plot dropping Wednesday at 2pm ET, followed by his press conference.

The Fed faces a complicated backdrop: inflation has been running hotter than expected as the Iran conflict drove energy prices higher. Many on Wall Street expect a shift toward rate hikes in the dot plot this year. Markets have priced in roughly 65% odds that rates hold at 3.50%–3.75% through year-end.

First buying support is at 52155 as of 9:15 am Eastern

FOMC Meeting Begins

Housing Starts and Permits

 8:30 AM ET

Import and Export Prices

 8:30 AM ET

Treasury Buyback Announcement

 11:00 AM ET

4-Week Bill Announcement

 11:00 AM ET

8-Week Bill Announcement

 11:00 AM ET

4-Month Bill Announcement

 11:00 AM ET

6-Week Bill Auction

 11:30 AM ET

20-Yr Bond Auction

 1:00 PM ET

Treasury Buyback Results

 2:00 PM ET

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DATE: 6/16/2026

TIME: 9:14 AM

HIGH: 52380

LOW: 51743

CLOSE: 52129

PIVOT: 52084

SUPPORT: 51965

RESISTANCE: 52417

SWING MAGNITUDE: 249

TIME OF COMMENT: 9:14 AM

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