Fomc Day today at 2pm - often these days are quite boring until 2pm then feature a full days volatility in a few hour span (most of which will be noise). In general, predictability is lower so my approach is size down, and trade less (anything can happen) - I often just hold a small core position into it and trade the price action as if it was a normal day with no news event. Regardless, yesterdays note showed the major important of bulls rallying at 4605-4590, and we got a nice bounce to my 1st 4635 target. There is a major bullish month long inverse H & S pattern forming now that will determine next few week trends, but some caveats with it. Chart and full trade plan below
© 2024 AM Trade Companion Inc.
Substack is the home for great culture