Tomorrow the FOMC will decide the interest rate value at what we will start with. Expectations are above .50%. If we beat expectations then we will see a large flush in the market. If we surprise it there will be a chance at price bouncing after that gap is filled. Its hard to forecast crucial economic days in our calendar but this is my thought process going into the following trading session.
Commentaire:
If you followed my instructions then you didn't go short the market because price never closed below the blue line and you're safe. The rate expectation was .50+. However, the actual rate became .25 and the market valued this price as a bullish incentive to rally. We can see this rally to 210.00