Impact of FED rate cuts on stock market

There is rumor and expectation of atleast 25 basis point cut in the FED funds rate. Other proponets suggest a change in language to indicate rate cuts will be made as needed in future.
What we need to do a traders at our end ?
Well first look at this S&P 500 chart- that shows the Fibonacci 50% retracement.
Keep this level in mind and lean more on the long side.
If the above is true:
- Dollar will fall
- Oil will rally
- Airlines will fall
- Market will rally
- and last but not the least- Financials will rally

Approximately 1 more hour to go ....