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Touched the rising wedge upper boundary then pullback. Don't know whether it'd pull all the way back to the lower boundary. Chances are it's another down (a little bit) in morning then up and up till the close day. Oh, maybe a little roller coaster show around 2 pm but probably will resume up. The market has decided that there'd be a rate cut early next year, no matter what Fed says...
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The pullback was larger than I thought. Now sharp rebound before the roller coaster show which usually means the low was in if not the roller coaster show is in 5 min.
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Fed day or not, why is it mater if you have an entry and a stop setup. it's all about risk management and the outcome is still based on law of probability.
where can you get over 20 handles in a mater of minutes? "Only in America" Don King
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The pullback will be bought. FOMC usually closes weaker though (so probably will not close at high of the day).
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