Trading the FOMC Meeting

Tomorrow we have another FOMC meeting. In 2022 we've seen ~3% moves during and/or by end of next day (shown on chart).

In my opinion (not financial investment advice)... There will be an initial move and then a rip in the opposite direction for a big move, as has happened in the past.

As bearish the economy is and I am personally, we may hear pre-midterm political "pivot" talk to drive markets up for voters.

That said, tomorrow we could see a fast move lower followed by a rip up to ~4100 to fill that gap you see in the chart.

The rip to 4100 may take a bit longer than 2 days, but it feels like we're heading that way.

Whatever happens it will be extremely volatile.

Keep your stops tight and/or entry's accurate.

What you'll see on the chart is a gap indicator along with a market breadth indicator.

We're finishing up these 2 free indicators and will be posting them for people to use very soon.

Good luck trading!