🏛️ FED DAY – Tactical Patience then Precision Execution
Session Theme:
Market in “holding pattern” early as traders tiptoed through pre-FOMC chop. Tight overnight range, light momentum, and a clear caution flag flying ahead of the 2:00 PM FOMC Statement and JPOW presser.
🧭 Pre-FOMC Positioning:
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🎯 Key LIS: 6405
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🔍 Bull Lean above 6405*, target 6425–6430
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🐢 Slow grind, low energy — patience was the position
🗨️ “No real edge this morning… entering Chop Zone. Trade lightly.” – PTGDavid
🕑 FOMC @ 2PM ET – No Change, No Surprise:
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Rate Hold @ 4.5% (as expected)
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Market jolts to both sides in classic Fed-day whipsaw.
📈 Bull Scenario:
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Price bid above 6405
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Target: ✅ 6425-30 zone tagged (hit 6429.75 — almost to the tick)
📉 Bear Scenario:
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Later sustained offer below 6405
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Target: ✅ 6385-80 filled
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✅ 6367 CD3 Lower Violation Target nailed
🔻 Final act: “Cliff Dive” post-presser as JPOW couldn’t calm markets.
🔮 Notables & Color Commentary:
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“We’re trading in a market of fools…” 🎶
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“3 Day Cycle is VooDoo” 🔮
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Reversal setups flagged from deep violation zones
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MOC Imbalance: +$300M (aka “Mice Nutz”) 🐭