Markets want to know if the Fed will cut rates in 2019. Currently, markets are pricing in about a 41% chance of at least one rate-cut in 2019. They announce Wednesday; no rate hike/cut is expected.
GDX UPDATE–> Gold and miners may get a little tricky before Wednesday’s Fed announcement. Closing below $20.20 would recommend an initial target near $19.20. Possible 3-day bear flag formation breaking down.