Quick Notes: Down day across all the major indices today in front of tomorrow's FOMC announcement. Despite today's lower close, we have yet to see any trend change so let's see how traders react following the announcement. Be mindful of some whipsaw action and most importantly continue to adhere to your plan. Lately, the action has been quite choppy and thus more of a hit and run trading backdrop. Tonight, I will review some old setups with some additional insights
(educational viewpoints) and add a few names to monitor this week.
Note: Several previous ideas on watchlist remain valid but simply have not yet triggered so continue to re-examine each night.
Please take a moment to look at the trade ideas.
6/4: SPX Daily DVT = 4178. 2-day candlestick chart 4065, Weekly DVT = 3970
6/3: SPX Daily DVT = 4085 day candlestick chart 4065