It’s FOMC day… Price Action will be Erratic until FED Powell’s speech
05-07-2025
Traders,
Our general bias is still bullish on the market.
Let’s analyze what price did yesterday.
In yesterday’s newsletter, we said that price consolidates and moves sideways before large news events.
Let’s analyze what price did yesterday.
On the hourly chart, we can see that price has stayed within a range.
We can probably look for more of the same thing this morning until 230PM when FED Powell speaks today.
Now to the important question, what is price doing RIGHT NOW?
After the futures market opened at 6PM EST, the S&P 500 has been trading sideways mainly.
We can expect the same this morning until the big news event at 230PM.
The markets will be very erratic until then without clear intentions.
There will be 1 or 2 moves that could be worth catching but it’ll probably come with a higher risk this morning.
Today’s message is to wait and sit on your hands until FED Powell speaks.
I believe today’s BIG MOVE will come around 3PM to 4PM.
And I will be trading LIVE today in my trading service called Trade To Close.
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Voz