The S&P and NASDAQ punched up to new (low volume) highs as AAPL and FB earnings were set to be released after the bell. Does the the FOMC derail any of the current trades? Not one bit. The last time the FOMC cut rates at all time highs was 1996.
In this video, we discuss today’s FED decision and the reaction from the market. We look at levels and how to get positioned for up or down outcomes.
I like the risk-reward — and the reasoning — behind this trade for tomorrow.
While all eyes will be on AAPL tomorrow, these plays stand on their own legs.
It’s about probabilities, and when a setup is firing again, and in the same market phase as the previous setup triggered and followed-through… you look to do it all again.
