Morning Ideas August 25, 2021
Good morning traders!
Very slow and methodical trading up here near 4500. I believe that we will be pinned to these levels until there is more clarity regarding the Jackson Hole event.
The FED event starts tomorrow, but the problem is that it's not defined by a certain time. It will last into the weekend, so the markets can be jolted at any time based on the policy decisions.
I don't think you should stop trading through the event, but if the market starts going nuts, it's better to just get out of the trade and re-evaluate.
Market will get another 'Neutral' reading from me today, which is rare :)
Very slow and methodical trading up here near 4500. I believe that we will be pinned to these levels until there is more clarity regarding the Jackson Hole event.
The FED event starts tomorrow, but the problem is that it's not defined by a certain time. It will last into the weekend, so the markets can be jolted at any time based on the policy decisions.
I don't think you should stop trading through the event, but if the market starts going nuts, it's better to just get out of the trade and re-evaluate.
Market will get another 'Neutral' reading from me today, which is rare :)
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