FOMC-DAY
Today will be wild. Expect the Usual Bullish/Bearish Nightmare Candles right before the FOMC-Meeting and the usual trap and reversal.
Given that the Market as a whole pushes like crazy since PM Start, i expect a top-resistance test at 442/3
With that push, a lot of Shorts trapped below from yesterday, If 442/443 fails, breakdown to give them a chance of closing the positions
No one (at least no retailer) can predict todays' outcome, i expect a 0.25 hike and a more dovish stance from Powell. In the end one "wrong" answer to a question and we will tank.
But my bet would be that we end green. If that is the case, i would expect the volatility to fade during the next few days
IF you want to trade today, expect to lose all money and be aware that today could be a climax of volatility and move in all directions.
Today will be wild. Expect the Usual Bullish/Bearish Nightmare Candles right before the FOMC-Meeting and the usual trap and reversal.
Given that the Market as a whole pushes like crazy since PM Start, i expect a top-resistance test at 442/3
With that push, a lot of Shorts trapped below from yesterday, If 442/443 fails, breakdown to give them a chance of closing the positions
No one (at least no retailer) can predict todays' outcome, i expect a 0.25 hike and a more dovish stance from Powell. In the end one "wrong" answer to a question and we will tank.
But my bet would be that we end green. If that is the case, i would expect the volatility to fade during the next few days
IF you want to trade today, expect to lose all money and be aware that today could be a climax of volatility and move in all directions.