* FOMC * -
So , the "Vertical Lines" have been the historical
"FOMC Meetings" the "Green Price ranges" are a couple days prior.
The 1st one being more important it resembles our big down trend currently .
So theirs a couple questions.
Can we expect a (2%-4%) Inra-Day drop before the FOMC --- I'd say yes, historically
Other Significant notes : On the Daily we have "Bullish Divergence" in order to break this ,
we need the Bears to get into "Oversold territory" by making it to "$4000" otherwise
that is a buildup for Bulls
Now back to the FOMC conversation
heading into it we could be expecting an announcement of a 75bps Hike to come
which in my mind leads to further downturn after the FOMC bounce, as I wouldn't think that would be priced in.
Thats all , Have a great day !!!
So , the "Vertical Lines" have been the historical
"FOMC Meetings" the "Green Price ranges" are a couple days prior.
The 1st one being more important it resembles our big down trend currently .
So theirs a couple questions.
Can we expect a (2%-4%) Inra-Day drop before the FOMC --- I'd say yes, historically
Other Significant notes : On the Daily we have "Bullish Divergence" in order to break this ,
we need the Bears to get into "Oversold territory" by making it to "$4000" otherwise
that is a buildup for Bulls
Now back to the FOMC conversation
heading into it we could be expecting an announcement of a 75bps Hike to come
which in my mind leads to further downturn after the FOMC bounce, as I wouldn't think that would be priced in.
Thats all , Have a great day !!!