MSFT can run up on a day trade to 399 to close a Daily FVG close. Or continue to fall and break past the Weekly Gap close at 388. Depending on the FOMC Press Conference we could have a volatile day in the markets.
Its only the 2nd day of the trading week and this is how our weekly chart looks! ES price action fell to close a globex gap at 5082 today in preparation for FOMC day tomorrow May 1! We will I believe we could continue down as low as 4934 depending on the data this week. 4934 is supported by a weekly FVG close at that level. Its a great time to buy puts on SPY on short!
