Levels to watch for reaction in case of strong move down before the FOMC press-conference: 1315, 1305, 1295.
After the press-conference let the air clear a bit and enter long on a break of trend line with a good volume to stay in for a ride to 1430 level. Consider risk-control measures if we break daily SMA 50 which is currently at 1290.
After the press-conference let the air clear a bit and enter long on a break of trend line with a good volume to stay in for a ride to 1430 level. Consider risk-control measures if we break daily SMA 50 which is currently at 1290.
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