January 30, 2020 — THURSDAY AM
With the FOMC Statement and rate decision behind us, we now have key levels from the event that we can use for analysis and trading over the next 4 to 6 weeks. If the market takes these levels offered, we could see further weakness ahead, followed by a return to the levels. If they are taken bid, the trend will resume as usual. Watch Crude Oil as it trades under 51, as this could lead to a big reversal.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss