The Saudi Refinery attack over the weekend sent the Oil prices to the stratosphere yesterday, and the geopolitical tensions surrounding Iran are rising. Yet, the price action in equities has not been as panicky as one would expect, possibly owing to an underlying "optimism" that the Fed this week has to take into account the potential for global recession owing to rising oil prices!
The Fed's rate decision is going to be released tomorrow, and unless there is some surprise on either side, it is expected to be a non-news (100% probability being factored in for a 25 basis point cut). The geopolitical headlines and the oil prices could be the real story driving the markets this week - at least till the FOMC rate decision is out tomorrow. Read below for our models' trading plans for today.
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
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