For now, Futures are red - a bit understandable after yesterday's run.
The day prior to an FOMC-Meeting could be a bit of green, according to historical data.
But none of the macroeconomic/political issues has vanished, therefore the sentiment of the market is still bearish .
We could see a flush down at Market Open, possible finding support, and creating a bear trap - then reverse from there and end the day slightly green ahead of FOMC tomorrow.
Watch how VIX will react and trade accordingly if you want to trade at all. Volatility will be still very high
The day prior to an FOMC-Meeting could be a bit of green, according to historical data.
But none of the macroeconomic/political issues has vanished, therefore the sentiment of the market is still bearish .
We could see a flush down at Market Open, possible finding support, and creating a bear trap - then reverse from there and end the day slightly green ahead of FOMC tomorrow.
Watch how VIX will react and trade accordingly if you want to trade at all. Volatility will be still very high