The market trades generally higher until the Fed announcement and guidance puts increasing pressure on price and a rapid decline is initiated from 3012 through the Cover signal level at 3006 and through the Sell Signal level at 2992 into 2960. A very strong bounce sees recovery to 2997 before selling resumes into the close.
Sell Signal now active.
Be prepared for whatever is coming next, and trade with confidence:
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Disclaimer: This is the diary of a personal trading system, its methodology and the signals that it is producing. You are welcome to follow along but please understand that the information presented here is for educational purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.