Afternoon Update

Referencing yesterday’s forecast for today: “$7500 has once again become a key near term pivotal level, but it seems like a high probability area for a max-pain price pin heading into Thursday’s Quad-Witching Options Expiration.” “However, as I always warn: “Beware of knee-jerk reactions,” they are unreliable. I’m not suggesting the hawkish Fed won’t pressure stocks lower, but…