In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we discuss weak Indices after FOMC.
The Fed deciding to increase interest rates by 25 basis points in last nights FOMC meeting. In addition, Fed Chair, Jerome Powell, announced to the markets they were likely to increase interest rates twice in 2019. This is a cautious view of global events, but actually more optimistic than expected.
As traders, we look to see how these events impact the markets, which has been significant in this instance. We have seen the Global Indices take a strong tumble lower since the Fed rate decision and statement.
As a result, if we see a break below any of the daily lows in the normal indices which we trade, then we will look for continuation lower. So, looking at the FTSE, if we break below 6664 then this represents a high probability trade to the downside.
Weak Indices After FOMC – Full Video Analysis
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