Trade Aptitude

Results of Tuesday’s Best S&P Futures Turning Points: Neither suggested level triggered. 

Today’s Best S&P Futures Turning Points (filtered out during FOMC volatility): 

Buy 4386.75 stop 4382.00. Short 4480.00 stop 4485.75.

The World Sentiment Index: (+100/-100) eases from +43 to +36 with the west carrying the Bullish flag. 

Catalysts: PPI @ 8:30. Crude oil inventories @ 10:30. FOMC announcement @ 14:00, press conference @ 14:30. 

Quick Tip: Quick Tip: FOMC Volatility

FOMC rate announcements and press conferences are the most important repeating catalysts. The volatility can be extreme which means you need to plan for how and when you’re going to trade the session, if at all. 

The trading hours prior to the announcement show the expected collapse of volatility (see histogram above). 

It would seem the volatility would be highest at the time of the rate announcement. But as you can see in the histogram, it’s during the press conference that the volatility peaks. These two 30-minute spans may be untradable, depending on your strategy and style. 

Our team usually waits until around 3PM ET to enter a trade going with the trend at the time. 

If you’re curious about how Team Trading works and why it’s so productive, reserve a seat in our FOMC Live Trading session today at 2PM ET. Click here. No disappointments!

Trade Fearlessly,

Mike Siewruk