bkrueger020

FOMC Results

Long
BATS:SPY   SPDR S&P 500 ETF TRUST
Technical: My strategy that I use is to find where there is FVGs and use the retracement tool with the following levels in the image. Once they overlap with the FVG range, I use those levels for my SL and entry location. Target is represented by the lines that were created by using the fib extension tool with levels back in 2020 crash and 2021 top.

News: The idea of cutting interest rates was a thing of the past and when that was announced, there was little to no tanking of the market so we were naturally bullish unless interest rates were increased. So entering the FOMC meeting I was very bullish at least to those Fib extension levels.

Comment:
Help me get the reputation points haha
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