Tomorrow will be volatile (potential to go up for the day)

27 апр. 2016 г.

Forming wedges until FOMC at 14:00 ET.

On most FOMC days SP500 went up and close near the high distal of the candle, occasionally FOMC cause reversals, but the up potential is dominating in the last 5 FOMCs.

So it may be safer to scalp a long trade than short. If this FOMC causes a reversal, then the downside will be huge.

27 апр. 2016 г.

Заметка

Will test 2100 again, good chance to take a short there, stop loss at new high.