FED/ FOMC Tactical 18hr trading strategy:
1. With active structural shorts from 2180 (previously discussed/ entered) take profits "early" into the intermediate lows at 2100-2120 that we are likely to see into Fed volatility given hawkish surprise which may or MAY not occur.
- Taking profit even at higher levels (if the hike surprise pricing is less aggressive...
07 Sept. 2016
Hang Senf Index - 4 Hour Chart
Index is now reach a resist level, but buying is strong, expect index to continues the up trend after a correction to the support levels.
The STRONG Resist Zone is where I expect a nice sell back down to the support zone below in this chart, once index manage to climb and reach it, may be in mid. Oct. so watch out for...