S&P 500 Daily Plan: A Precarious Position
The Market Battles at the 6425.00-6431.75 Line in the Sand. Here Are the Key Levels for Today's Decisive Move.
Scheduled News:
Good morning, everyone. Today is Wednesday, August 20th.
For news today, we have one red-tag event: the FOMC Meeting Minutes at 2:00 PM ET. I don't expect extreme volatility from this, as the Fed's decision is already known, but we always have to be prepared for a shake.
Yesterday was an incredible day where our plan checked almost every single box, and I know our members are extremely happy with the results. The question is, what do we do today? After drifting down overnight, the ES perfectly played the 20-day moving average and has since popped back above 6425.00. Let's take a look at the levels and build our plan.
