September 18

Discord access link: https://discord.gg/UPbu6PZFDp

After today’s FOMC decision we saw a large move that retested last Thursday’s unfilled single prints. The low of the day is almost exactly at the 6612 BZ level and also near last week’s halfback. The bulk of the action took place between the 6641 and 6670 BZ levels.

  • As of the time of this writing we are trading above the 6685 BZ level, which is above today’s high. Going into tomorrow’s session I will be monitoring for longs above 6670 or above 6685. The short-term target for buyers should be the 6700 psychological level which is also the top of the Balance Zone.

  • For sellers it’s all about getting us back below 6641 in order to pressure today’s large excess low.

Bullish Scenarios:

  • Longs above 6670 or above 6685 targeting 6700.

Bearish Scenarios:

  • Shorts below 6655 or below 6641 targeting 6612.

  • Shorts below 6612 targeting 6583.



Next

September 16