 Good afternoon, everyone and welcome. This is Melissa Arma with Stocks. What should I'm here reviewing the spy? Why? Because there's an FOMC minute announcement out at two o'clock and we'll see what the market does. It's pretty much been stationary sideways even though we gapped up this morning waiting for the announcement. We had a sell-off yesterday that I think was a result of just a news kind of reaction about the things that have been going on in the world that sold off here because we broke the low yesterday but then we bounced into the close where we closed and we ended up closing very neutral in the day yesterday and we gapped up then this morning so I expected that we gap up this morning and we could have very well continued higher yesterday if we had not run out a day and the only reason we haven't gone anywhere today yet is because the market's waiting on the minutes but my prediction the stocks wish prediction is that we rally on the minutes today. How much? I don't know and if we do rally on the minutes today no matter where we end up closing whether it's here just rally back up to the high or up to here here here or anywhere these areas or places I believe that we follow through bullishly tomorrow. We are coming into support we came into support and and we're going to follow through and I really thought that we would hold in here anyways no matter what. When I was looking at this from the bullish gap that happened back here I thought you know what we're we're not going to pull all the way down here again we're too close to getting over the high not to do it we've been several times now it's just a matter of when when are we actually going to do it when are we actually going to get over the high the sooner the better it's just who can predict and it's one of these things that when we rally we could do it very big it does not have to take weeks and weeks and weeks in other words once we start getting going again up near this level 212 213-ish we could we could do it in days two big days three big days we could do it in one gap up and two solid days it can happen very quickly when it happens and again like I was saying it could happen in a gap I just don't know when exactly it's going to happen the exact date that we're going to get over the high but I know that we will the market's been bullish ever since we fell off to start out the year and we're waiting to go somewhere we just need to do it half of the year is up now almost middle of June and so I think that people are looking for a reason to buy back into the market so we'll see what the minute say today but my prediction is that we rally follow through higher today and tomorrow and basically then the rest of the week I mean we could realistically we could get over the high by Friday I don't know because I don't know how big the move is going to be today but we could so we'll see exactly what the spy does we're still holding very very well here in this market we shake off whatever negative reaction we get we kind of shake it off we're not having any follow through to the downside and the follow through is still in the upwards direction if you're like more information how to read the overall market ETFs or how to read stocks and predict their movements like I've done with the spy index email me at melissa at the stocks wish calm have a great day everyone