Resume the Hike

A widely-expected rate hike coming up later this afternoon by The Fed is likely on tap, as stocks meander into the event. 

Some big winners this year like the chip play NVDA and several materials miners (AKS CLF X) are flexing here. But it is tough to make too many assumptions in terms of the market's specific reaction. 

We can, however, make a few educated guesses, which I will highlight for Members in a bit. 

Still, in terms of asset classes beyond equities, such as currencies and the U.S. Dollar ETF, below on the daily chart, those "pinched in" Bollinger Bands indicate the next big Dollar move is nigh. And I fully anticipate a few head-fakes this afternoon before the true move develops.