FOMC Day – ES NQ Premarket Trade Plan – The Pit Futures Trading

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ES and NQ above the 20 daily moving average so Buyers maintain control for now. RTY below. If RTY can get on same page with NQ, bought or sold, go with that direction on the ES. If RTY goes off on its own use the NQ to gauge the ES. As of right now in range and value coiled up and ready for a move. I will be a buyer of the ES accepted above 4039 and NQ above 11919.25. Seller below these levels. FOMC will be insane and either Hawkish or Dovish. I think Dovish to continue the Santa rally but who knows. Play with small size and wider stops today due to volatility.

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