Paddy before Daddy
As some celebrate St. Patrick by indulging in green beer today, others are gearing up for the arrival of Un-Saint Powell this week. Yes, that’s right!! It’s time for another round of FOMC this Wednesday. DON’T WORRY!! In the charts below I have the ultimate “secret weapon” against FOMC…
Rate cut this week? Not a snowball’s chance in hell. Rate cut in June? Not a snowball’s chance in hell he signs his name to that, so the question is, what are we looking for? I believe traders are looking to see if he remains open-minded to a June rate cut, and the possibility of multiple cuts this year. If he takes June off the table it’s look out below!!
1439 Charts
Over the past few days I have been experimenting with what I like to call “1439 charts”. I set the time interval on the chart to 1,439 minutes. Why? That is 1 minute less that the number of minutes in a full day.
Try it. You will see MUCH more fluid movement on your charts, and be able to identify levels you otherwise would miss.
Collaborations
In an effort to continue to bring you the best info and setups to trade with I will be opening up some space in the Stack for guest contributors. Look for contributions and collaborations in upcoming stacks from some names you may already know, and some names you will definitely want to know!
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ADBE
ADBE 0.00%↑ drilled on earnings, coming in to this major 485 level.
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