July 29, 2020 — WEDNESDAY AM
We’ll get another FOMC key level today at 1pm CT (2pm ET), which will be useful for analysis and trading in the days and weeks ahead. For now, the ES is developing a narrow 4-day range, which could lead to the next big move. Look for the markets to be mostly range-bound ahead of today’s FOMC Statement and rate decision, but fireworks could be seen Thursday.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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