Trading the BIG Day.
FOMC is a volatility play for Wednesday, and that’s because of the concern of a government shutdown Friday. In the meanwhile we will continue to focus on FOMC effected markets.
FOMC is a volatility play for Wednesday, and that’s because of the concern of a government shutdown Friday. In the meanwhile we will continue to focus on FOMC effected markets.
Sure, the stock market is the focus for tomorrow… will Powell step in to give stocks a break? How will equities react? And where are the opportunities in the strong dollar?
We may see a bid into Wednesday’s FOMC decision or possibly even after the announcement, but it’s going to take a serious reversal to change my opinion of these key charts.
Tonight we look at 2 different charts that may not look like much at first, but altering our time frame gives a very different signal, then a 3rd that’s a very basic approach to trading new lows.
It’s still a day away but prepping for Powell well ahead of the volatility will offer the most on a week that has started with the bears driving the market lower.
How does a trader track the FOMC comments and action and what could be the outcome? In this video I walk through the implications on the U.S. dollar.