FOMC Day. Market is coiled awaiting J Powell to announce Tapering or maybe just the need to Taper but backs off hard timetable. Either way the markets are coiled and ready to move and they will move. Although we can move on FOMC Day it is typical to move early then balance into the news. You will get an impulse move off the news and then a reaction to the impulse and then the direction. I like the Reaction and Direction not the impulse. So really spend an entire day waiting for a 15 min window to get some decent looks at setups. Not ideal. Then you have J Powell Presser. Good luck trading that!
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