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Good Tuesday Morning, MPTraders! December 9, 2025-- Pre-Market Update:-- Today is the 236th trading day of 2025... 15 trading days remain after today into year-end, which is not much time for the underperforming equity managers...-- Tomorrow we get the FOMC policy decision, statement, and Powell press conference... According to the Kalshi betting market, the odds of a rate cut are at a historical high at 94%... BUT, according to the latest CNBC Survey, only 45% think the Fed should cut!...-- Today and tomorrow's trading activity should be muted with a negative technical bias ahead of decision time tomorrow afternoon at 2 PM ET...
Right now there is an interesting push/pull between profits and free cash flow. And this is not just in META — it’s present across the big five tech companies and more. Lyn Alden discussed this recently. What follows are excerpts from her post that highlight the financial tug-of-war between the two metrics. Then we will examine what the masses are telling us via the structure of price on the chart.
The market has been unable to break below the triangle consolidation, which has left the upside open. And, this afternoon, we have broken any immediate set up for a drop to take us to the bigger (b) wave support box below.That now means that as long as we remain over 6810SPX, we have to continue to look higher to the target box overhead.While I would love to give you a clear micro count to work with, the overlap seen since the triangle structure does not allow me to do so.
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