Will definitely be looking to go long here toward the top of orange and potentially even break out of orange toward top of purple. If we do see ourselves getting rejected at orange tapering, that will set us up for an easy short trade down to retest our tapered white algorithm.
As always, let price tell you what it wants to do - don't try and force it's hand...
Why short-term trading into the US market beats the long-term investing in the year 2023?
As much as the Fed wanted to dial down the interest hike for the rest of the coming meetings, but they have limited control. It all depends on the forthcoming data, especially the CPI and the employment numbers.
If these data continue to have a higher number, the Fed may...