SANTA RALLY or BUST (FOMC)
Market is likely to move the first hour and then become choppy. FOMC today at 2PM est and Powell speaks at 2:30.
Semis look like they want to start moving with NVDA and ASML leading.
Futures gapping a bit higher this morning, FOMC today so I’d wait until after 2:30pm to see how the market reacts to Powell
SPX just in a range from 6034-6100 for now, SPX lots of resistance at 6071 and 6100 so be patient for now, under 6034 can test 6k.
Let’s see if SPX gets through 6071 after FOMC
SPX best to hold 6034
SPX Dec 20 6100c best above 6071
Stay Frosty!
Semis look like they want to start moving with NVDA and ASML leading.
Futures gapping a bit higher this morning, FOMC today so I’d wait until after 2:30pm to see how the market reacts to Powell
SPX just in a range from 6034-6100 for now, SPX lots of resistance at 6071 and 6100 so be patient for now, under 6034 can test 6k.
Let’s see if SPX gets through 6071 after FOMC
SPX best to hold 6034
SPX Dec 20 6100c best above 6071
Stay Frosty!
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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.
Exclusive content and access to SPX trading system link below:
patreon.com/Beyond_Charts?fan_landing=trueTwitter: twitter.com/Beyond_Charts
patreon.com/Beyond_Charts?fan_landing=trueTwitter: twitter.com/Beyond_Charts
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.