HEADER - Odds say this is NOT an actual pivot by the FED, but simply an acknowledgment that they've done some real work on inflation expectations.
SUMMARY - This is the most likely move FOR TODAY ONLY. There are many reasons why. I will detail some below.
DETAILS - We last left off on "TO SUM IT UP DRAFT 4". Links to all four drafts and the previous "RUMORS OF A PIVOT DRAFT 1" are below. In DRAFT 4, I had stated that "geometric symmetry cycles" showed a move to 1720. The breakdown of all my regression waves for the last 18 months at IRL 7/8 ratio is above. To save time, I didn't select the best possible match.
1) periods for the waves are: blue 14 (trading) days, red 28 days, dark grey 56 days, navy/purple 112 days, orange 224 days, and light grey 448 days
2) the first move (first box) to 1720 level is because of confluence of most bollingers under 80 days
3) the second move (second box) to 1800 level is the "MINIMUM VOLATILITY LIMIT" when EVERY SINGLE regression curve from (roughly) 168 trading days (or 8 months) to 378 days (18 months) ALL LINE UP LINE BY LINE
4) this also occurs when EVERY SINGLE regression curve from 1 day to 154 days (roughly 7 months) line up line by line
5) HOWEVER, the regressions from 154-168 days DO NOT LINE UP UNTIL 11/20 (where the orange ellipse shows the two orange lines crossing), maybe 11/15 but hard to see it earlier
6) this means that the complete regression spread from 1 day to 378 days DO NOT line up until THE SECOND HALF OF NOVEMBER
7) when this occurs, price will hit the "MAXIMUM VOLATILITY LIMIT", the low end is 1875, the high end is 1960, let's ballpark it at 1920
8) so the call here is 1920 by THANKSGIVING OR EARLIER
9) the two lighter highlights in blue and orange below are the from DRAFT 4
10) goodluck trading