FED SIGNALS CUTS—IF INFLATION DECLINES! 🚨 FOMC Minutes Reveal Rate Path

Welcome to Trading The Close! Today’s market action was a classic example of a "Holiday Float." Despite ending slightly lower, the indices were positive at several points throughout the day. The primary story is the vanishing volume: the S&P 500 ($SPX) volume was less than 50% of its 30-day average, making it nearly impossible for a sustained "hard sell" to take hold.

🏛️ FOMC Minutes: The Path to Cuts. At 2:00 PM today, the FOMC minutes were released, providing a roadmap for 2026. The minutes indicated that further downward adjustments to the target Fed funds rate are likely, provided that inflation continues to decline. We break down the technical reaction of the 10-Year Yield and the DXY to this news.

📉 Technical Breakdowns & Stock Movers. Silver’s Failed Bounce: After yesterday’s massive wipeout, Silver attempted a recovery this morning. However, that bounce was met with heavy selling in the afternoon. We analyze the chart to see if the "dead cat bounce" is over and where the next support level lies. META’s Bullish Coiling: Meta Platforms ($META) was the clear Mega Cap winner today, up 1.2%. The price is forming a perfect bullish consolidation pattern just below the highs. This technical setup implies a high probability of a near-term move toward the $700 psychological level. UA’s Billionaire Boost: Under Armour ($UA) surged over 9% today. The catalyst? Canadian billionaire Prem Watsa added 15.6 million shares over the past week. This massive show of confidence has shifted the technical sentiment from bearish to bullish overnight. FTAI Aviation’s Innovation: FTAI Aviation ($FTAI) hit new all-time highs today following a significant analyst upgrade to a $230 price target. The market is cheering the company's plan to convert jet engines into power turbines, creating a unique "green energy" moat in the aerospace sector.

🎯 Tickers and Markets Covered Today: We provide comprehensive technical analysis across indices, key stocks, crypto, and commodities to establish key support and resistance. Indices & ETFs, Individual Stocks, Commodities & Crypto: SPX, QQQ, SMH, IWM, META ($700 Target Watch), Silver (Failed Recovery), UA (9% Billionaire Surge), Gold, FTAI (All-Time Highs), Bitcoin, RIVN (Technical Check), US Oil, Natural Gas.

Disclaimer: This show is for educational and entertainment purposes only. The information provided is not financial advice. Trading stocks and options involves substantial risk, and you can lose money. Always conduct your own research and consult with a professional financial advisor.

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Right at the close of the market, Gareth will:
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Analyze the latest news and events
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