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Below is a time-delayed excerpt from our live updates for members.
Updates 1:24 PM EST - Wednesday 7/29/20
There is a high probability that $SPX $NDX IWM will attempt to rise into the lower part of their orange resistance zones after FOMC today.
And $VIX $VXN may do a sharp drop before they anchor themselves again. $VIX may drop below 23.5.
So monitor for this bullish opportunity to exit long $SPX $NDX IWM.
Do not enter short yet. We need $VIX $VXN to demonstrate they are ready to rise first.
Updates 9:16 AM EST - Wednesday 7/29/20
We have mixed signals right now.
$VIX dropped into key zone between 23.5 and 24.5 and promptly started rising. It formed yet another "anchor to rise". This means bearish headwinds are building up for $SPX $NDX IWM.
$SPX $NDX IWM are all forming bullish patterns pre-market, indicating they too are ready to rise, most likely at least to the highs of Monday 7/27. So it appears that $SPX $NDX IWM are ready to rise despite the bearish headwinds building up.
Do not initiate new positions. Our Signal Trade is targeting to exit long in the orange resistance zone. No low-risk high-reward setup to enter short yet.
Updates 1:30 AM EST - Wednesday 7/29/20
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