Tomorrow will be volatile (potential to go up for the day)
Forming wedges until FOMC at 14:00 ET.
On most FOMC days SP500 went up and close near the high distal of the candle, occasionally FOMC cause reversals, but the up potential is dominating in the last 5 FOMCs.
So it may be safer to scalp a long trade than short. If this FOMC causes a reversal, then the downside will be huge.
On most FOMC days SP500 went up and close near the high distal of the candle, occasionally FOMC cause reversals, but the up potential is dominating in the last 5 FOMCs.
So it may be safer to scalp a long trade than short. If this FOMC causes a reversal, then the downside will be huge.
Comment:
Will test 2100 again, good chance to take a short there, stop loss at new high.
