December 16: FOMC Day Tactics

Today is FOMC announcement day, so please remember that it’s often wise to exercise caution until the decision at 2:15 EST is out of the way. In today’s video update we have the following for you;

• Eurostoxx 50 price action trend line break, followed by a clean 9/30 short setup.
• Euro Forex daily chart OKC example, and how to dial down to the smaller time frames for low risk entries.
• ES creeper day, very slow and dull ahead of FOMC. Why it was a weak trend day down in terms of the internals.
• See why the last 45 minutes of the trading day can often yield some of the better trading opportunities.

We have two potential market moving reports today at 08:30 EST, namely Consumer Price Index and the Housing Starts. If these two reports fail to move the market, I would advise caution ahead of the FOMC decision at 2:15 EST which is likely to provide some volatility.

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