Here's the SP500 daily setup that Ive been trading recently, Id say the indexes haven't toppped out yet, and looking at YEN there is further 200 pips room downside, CHF can do 200 more pips, EUR can do bout 200 and GBP 300 pips on the upside, so it's not easy to position before the FED rates decision.
Once the indexes reach the top in US, it's a good indication of upcoming reversal on the FX markets. (in fact if one looks at SP500 this May, it crashed prior to the currencies 2-4 days)
Most times fundumentals are priced in, just look at the long-term charts more frequently and you'll notice that.
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