Day-Trading Scenarios for Jun 17, 2026
- Alex Wasilewski
- 3 days ago
- 2 min read
Fed announcement at 2:00 PM Eastern. Don't expect a rate change.
FOMC Decision (2:00 PM ET): Rates are widely expected to remain unchanged at 3.50%–3.75% (≈97% probability per CME FedWatch). This is Kevin Warsh’s first meeting as Fed Chair. Focus shifts to the dot plot, economic projections, and press conference tone.
Markets are pricing in limited or no rate cuts for the rest of 2026, with some discussion of potential hikes if inflation remains sticky.
Hawkish signals (stronger language on inflation, removal of easing bias, or upward revisions to dots) could pressure equities and support the USD.
Dovish/neutral tone could support risk assets and a bullish continuation in indices.
SpaceX momentum: Continued strength and high-profile moves (e.g., acquisition activity and market cap gains) highlight AI/tech tailwinds benefiting broader sentiment.
Pizza Hut sale: Yum Brands divesting assets (China to Yum China; U.S./international to private equity) — minor sector rotation signal but limited direct Dow impact.
Geopolitical: U.S.-Iran developments and energy market flows (tankers, potential deals) could influence oil and risk sentiment.
Broader tone: Markets remain supported by AI supercycle expectations and solid earnings growth forecasts, though valuations are elevated and sensitive to policy shifts.
Integration into Day Trading Plan:
Bias Tilt: Lean bullish on dips while above key supports, but prepare for volatility around FOMC. Hawkish surprises → defensive posture / short opportunities on breakdowns. Dovish → momentum longs.
Watch how earnings and retail sales data interact with technical levels on your 60-min / 15-min charts.
Retail Sales
8:30 AM ET
Business Inventories
10:00 AM ET
Pending Home Sales Index
10:00 AM ET
Atlanta Fed Business Inflation Expectations
10:00 AM ET
EIA Petroleum Status Report
10:30 AM ET
4-Month Bill Auction
11:30 AM ET
FOMC Announcement
2:00 PM ET
Fed Chair Press Conference
2:30 PM ET
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DATE: 6/17/2026
TIME: 9:22 AM
HIGH: 52638
LOW: 52080
CLOSE: 52470
PIVOT: 52396
SUPPORT: 51997
RESISTANCE: 52555
SWING MAGNITUDE: 234
TIME OF COMMENT: 9:22 AM
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