FOMC Day – Premarket Trade Plan – The Pit Futures Trading

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Anything can happen on FOMC Day. You have the rate decision and then the J Powell Presser. ES break of 4517 key for Buyers and a break of previous day low key for Sellers. NQ break above 15500 or below 15245 for directional move. What happens before the news is anyone’s guess but volume 29% below average headed into RTH and we are in a massive HVN. Not looking for much and the market will go dead a couple hours into the news if history tells us anything.

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