Long Scalp SPX/SPY May 04 2022

We can see based on the yearly volatility , that the current expected movement is around 1.75 - 2% +-

Our top is going to be 4250
Our bot is going to be 4075

From the technical analysis point,
Volume was broken on the top side above 4150 and 4175 (yesterday and today POC volume) so thats a strong momentum indication for long opportunity.
At the same time we can see that on 15 min we got a long entry at 4155

I believe we can go towards 4200 minimum

From fundamental point of view
We have the PMI release and later on today we have FOMC -> interest rate decision.
This last movement is the one that bring the highest amount of volatility possible.
So I strongly recommend you to be out of the position before that happens, and once the market stabilize and takes a direction, re enter again.