US 500 IndexMis à jour S&P500 plan with the FOMC today.
S&P500 / 1W
Hello traders, welcome back to another rmarket breakdown.
This is an update on the previous chart of the S&P500 where I have mentioned the lower high major trend reversal setup.
The price is setting at 50% pull back and a trend line that could work as resistance. However, it's all depends on how the Fed plays its rule today.
Here is my plan :
1- Longs above the high of yesterday if the Fed sends a signal that they will pause the rate increases today. (risk on : buy AUD, NZD, sell USD, CHF).
2- Heavily short the whole thing if the fed sends a signal that they will not pause until inflation comes down. (risk off: sell NZD, AUD, Buy USD, CHF).
Trade safe,
Trader Leo.
Hello traders, welcome back to another rmarket breakdown.
This is an update on the previous chart of the S&P500 where I have mentioned the lower high major trend reversal setup.
The price is setting at 50% pull back and a trend line that could work as resistance. However, it's all depends on how the Fed plays its rule today.
Here is my plan :
1- Longs above the high of yesterday if the Fed sends a signal that they will pause the rate increases today. (risk on : buy AUD, NZD, sell USD, CHF).
2- Heavily short the whole thing if the fed sends a signal that they will not pause until inflation comes down. (risk off: sell NZD, AUD, Buy USD, CHF).
Trade safe,
Trader Leo.
Note
Risk is off
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.