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Invesco QQQ Trust, Series 1
Updated

FOMC Minutes are major pivots

186
Most of the FOMC focus is on the rate announcement and press conference, but I found the minutes actually make better pivots. It's especially clear on the weekly chart. I expect this one to be bear, but will roll with it either way. Which way do you see it?
Note
Closer look on Daily Chart. There seems to be a trend with Island Gap reversals and FOMC Minutes.

snapshot
Note
Can't trust the first 3 days off a new low
You can't trust the first 3 days off a new low.
Nicklaus68
Beyond Technical AnalysisFOMCfomcminutesQQQTrend Analysis

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Beyond Technical AnalysisFOMCfomcminutesQQQTrend Analysis
Nicklaus68

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.