Fed Day Has Finally Arrived....

Good Wednesday Morning, MPTraders!  September 16, 2026-- Pre-Market Update: 

This day has finally arrived! Fed Time!

Let's take a look at some Big Picture Set-Ups to see if we can arrive at a directional reaction to whatever the Warsh Fed does and says between 2 PM and 3:30 PM ET today:

Weekly 10-Year YIELD argues for upside continuation-- not necessarily immediately-- to 5.25%-5.50% before pivoting to the downside into a major correction. If that proves to be the case, then will upside continuation from 5% to 5.25% result from Warsh failing to hike enough, or from Warsh choosing to pause for a while longer, enabling more time for the Oil shock to "burn itself out"... (continued below my attached Weekly YIELD Chart)...

The technical setup exhibited by my attached Weekly YIELD Chart does NOT suggest to me that nearby Crude Oil is in any position to reverse. Maybe the upward trajectory stalls or pulls back to 90-92 support, but, in any case, Crude points to a minimum of 110, an optimal upside target zone of 125 to 128, and an outlier target zone of 180-200...

If the technical setup of the Oil market is calling the shots for the economic and financial landscape, then YIELD won't stop rising at 5% regardless of what the Fed does and says today... 

Next Up: Big Picture Setups in the Dollar Index, ES, and GDX...