Background

FOMC Taper Day ES NQ Trade Plan

Fact is I hate doing premarket on FOMC Day. We should all be out fishing or doing something else. However, this FOMC Day is interesting as they are going to begin tapering. If this is the case then the market could get interesting. Overnight balance in the ES. RTY at its high of the year. NQ melting higher. Everything still in Buyers control but horrible volume overnight. Key ES target above is 4650. Currently there are 620 sitting on the offer. Below 4614.75 and 4590.25. Good luck today.

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