There is just too much support/resistance hovering below and above where we currently are. I'm quite skeptical that we will get a trend established tomorrow. It might take a couple days for the market to figure out which way it wants to go. I would be extremely cautious about taking any fresh longs/shorts now or before the FOMC announcement. Ideally, I'd like a day or two for the market to digest the info.
Pre FOMC. I am not trading it.
- Thread starter Golden Retriever Trading
- Start date
Your thread is more about TA than it is about economics ^^ However, it's a sage decision to do nothing while you think that the market is indifferent about its future state. I guess you're talking about the ES ? Let's wait for the FOMC and see. Livermore said : " It always was my sitting. Got that? My sitting tight! " That made his fortune and preserved him from losses.
Yea you're right. Maybe a mod might be able to move it to TA for me? Never mind, I see that it already has..