FOMC and OPEX week continuing to deliver extreme movement and both bulls and bears got majorly trapped this week - it is a nimble traders market and even then less is more. On a normal day would have a fairly clear view at this time of day but given its OPEX there is potential for quite dramatic swings into the close still so will stay focused on the price action and what I know to be true here. What is clear: Bulls put in their shot this morning with the cleanest combo of setups bullish possible (I’ll get into it). It’s make or break here and if this fails it will get quite ugly. Chart & Plan Below
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