1st rejection of last week's close. I say mark the zone and be cautious. Key levels will be targets (daily hi & lo minimum). If your hit targets, take profit. when aiming above, take the trade from a support level or specific candle shift.
Again... FOMC Wed 5/7. Will update my thoughts daily this week.
Again... FOMC Wed 5/7. Will update my thoughts daily this week.
Note
FOMC day. tight ranging. 21 ema curling up. news headlines (rumors or facts) is what's making the market gap. overnight, govt officials alleged that meetings are being scheduled. a rally attemp failed. 2pm JeromeNote
on hr, tight consolidation right below 21 ema. above it, bullish. below it, not so bullish. most will watch for levels today.
tootles
Mommy Miles :)
Mommy Miles :)
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tootles
Mommy Miles :)
Mommy Miles :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.