What AbleTrend Signals Before The Fed Meeting?
CNBC reported today, Fed expected to cut rates and Powell may have hard time appeasing critics inside and outside Fed…
There are un uncertainty and anxiety before Wednesday’s Fed meeting. The US stock markets swing move in a narrow range. Below was 120-min chart of the E-mini S&P 500 futures with AbleTrend signals of last two weeks, from 9/3 to 9/17/2019.
We clearly see on Tuesday (September 17) the Buy signal showed up and many small blue T2 dots line up around key support 2,996. Based on current market conditions, AbleTrend is on a LONG side and expected the Fed rate cut and stock markets to go up. Use short time interval such 5 to 15-min charts to trade with AbleTrend BUY signals only. Always watch the T2 small blue dots of the 120-min chart which tells to exit or hold the long positions. With this guidance we may know right or wrong at any moment.
AbleTrend is a principle-based trading software which received Reader’s Choice Awards from S&C magazine for more than 23 years.
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Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.