In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, we are looking at a potential short-term Indices sell after FOMC.
This is a tough one because the Fed are extremely accommodative and planning on keeping interest rates lower for longer. These should push prices higher, however, we might see a short-term pullback in recent bullish market conditions. As a result, we have identified two primed candidates for a pullback.
The first market is the S&P 500. The last two weeks have been very bullish for the Indices markets as a whole but now, we have the potential for a rollover trade. If prices break below yesterday’s high of 3180 then this is a high probability trade to the downside.
The other market is the EU50. Similar to the S&P 500 except this market is bouncing off the 200 period moving average around the recent highs of 3400 so this adds extra technical resistance, preventing prices from pushing higher at least over the short term. The level for prices to break lower is 3276.
Potential Short-Term Indices Sell After FOMC – Full Video Analysis
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