Tomorrow we have another FOMC meeting. In 2022 we've seen ~3% moves during and/or by end of next day (shown on chart).
In my opinion (not financial investment advice)... There will be an initial move and then a rip in the opposite direction for a big move, as has happened in the past.
As bearish the economy is and I am personally, we may hear pre-midterm political "pivot" talk to drive markets up for voters. That said, tomorrow we could see a fast move lower followed by a rip up to ~4100 to fill that gap you see in the chart.
Whatever happens it will be extremely volatile.
Keep your stops tight and/or entry's accurate.
What you'll see on the chart is a gap indicator along with a market breadth indicator. We're finishing up these 2 free indicators and will be posting them for people to use very soon.
Good luck trading!
In my opinion (not financial investment advice)... There will be an initial move and then a rip in the opposite direction for a big move, as has happened in the past.
As bearish the economy is and I am personally, we may hear pre-midterm political "pivot" talk to drive markets up for voters. That said, tomorrow we could see a fast move lower followed by a rip up to ~4100 to fill that gap you see in the chart.
Whatever happens it will be extremely volatile.
Keep your stops tight and/or entry's accurate.
What you'll see on the chart is a gap indicator along with a market breadth indicator. We're finishing up these 2 free indicators and will be posting them for people to use very soon.
Good luck trading!
Nota
the rip to 4100 may take a bit longer than 2 days, but it feels like we're heading that way.
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Get Access to the exclusive QuantVue indicators: quantvue.io/
Join thousands of traders in our Free Discord: discord.gg/tC7u7magU3
Join thousands of traders in our Free Discord: discord.gg/tC7u7magU3
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.