• The banks already know what the fed is going to say, we (retail) don't. They have people on the inside, just like they do at every american corporation. The industry is corrupt AF if you haven't figured it out already
• The first move is not always the move
• Expect morning volatility and then nothing while everyone waits
• There will be a fury once the initial move happens and then the direction is decided
• IV is going to be up, premiums will be elevated. It will be difficult to trade because IV will collapse after the fed announcement
• DO NOT TRADE IN THE 2 HOURS BEFORE THE ANNOUNCEMENT (1pm central)

• 4270 and 4380 have been important levels. One or both will be important tomorrow.
• The 4340 bull/bear line will also continue to be important. Price is around this right now
• If you couldn't tell 4400 was resistance today. 4435, 4450, and 4500 will be upper resistance
• 4270 and 4210 will be support. Below that 4175 and 4150 are your supports. I do not think we will hit either of these tomorrow
• The 8 EMA and 200 SMA are at 4430 area. That will be fierce resistance and the market will react there if we touch that
• The 21 is all the way up there at 4560! It would not be unreasonable for us to revert to the falling mean in a rally. The macro trend is still down until we know otherwise.
• If you are a fibonacci person (I use these a lot), 4353 is the 23.6%, 4440 is 38.2%, 50% or model-T is 4511, 4581 is 61.8%, 4681 is the 78.6%. We hit the 23.6 yesterday and got close to 38.2, we are currently basing right below the 23.6

$30,000 Millionaire said:

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for tomorrow:

• The banks already know what the fed is going to say, we (retail) don't. They have people on the inside, just like they do at every american corporation. The industry is corrupt AF if you haven't figured it out already
• The first move is not always the move
• Expect morning volatility and then nothing while everyone waits
• There will be a fury once the initial move happens and then the direction is decided
• IV is going to be up, premiums will be elevated. It will be difficult to trade because IV will collapse after the fed announcement
• DO NOT TRADE IN THE 2 HOURS BEFORE THE ANNOUNCEMENT (1pm central)

On S&P:

• 4270 and 4380 have been important levels. One or both will be important tomorrow.
• The 4340 bull/bear line will also continue to be important. Price is around this right now
• If you couldn't tell 4400 was resistance today. 4435, 4450, and 4500 will be upper resistance
• 4270 and 4210 will be support. Below that 4175 and 4150 are your supports. I do not think we will hit either of these tomorrow
• The 8 EMA and 200 SMA are at 4430 area. That will be fierce resistance and the market will react there if we touch that
• The 21 is all the way up there at 4560! It would not be unreasonable for us to revert to the falling mean in a rally. The macro trend is still down until we know otherwise.
• If you are a fibonacci person (I use these a lot), 4353 is the 23.6%, 4440 is 38.2%, 50% or model-T is 4511, 4581 is 61.8%, 4681 is the 78.6%. We hit the 23.6 yesterday and got close to 38.2, we are currently basing right below the 23.6

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59 South said:

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I too have a pretty common name... not as common as say Bob Smith, but there a lots of people with my name. I got the big X at US customs with interview every single time I re-entered the country for about a decade cause some dude with my name was on the domestic terrorist list. Somehow that stopped in the last couple of years thankfully. Yea I know... cool story bro

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$30,000 Millionaire said:

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for tomorrow:

• The banks already know what the fed is going to say, we (retail) don't. They have people on the inside, just like they do at every american corporation. The industry is corrupt AF if you haven't figured it out already
• The first move is not always the move
• Expect morning volatility and then nothing while everyone waits
• There will be a fury once the initial move happens and then the direction is decided
• IV is going to be up, premiums will be elevated. It will be difficult to trade because IV will collapse after the fed announcement
• DO NOT TRADE IN THE 2 HOURS BEFORE THE ANNOUNCEMENT (1pm central)

On S&P:

• 4270 and 4380 have been important levels. One or both will be important tomorrow.
• The 4340 bull/bear line will also continue to be important. Price is around this right now
• If you couldn't tell 4400 was resistance today. 4435, 4450, and 4500 will be upper resistance
• 4270 and 4210 will be support. Below that 4175 and 4150 are your supports. I do not think we will hit either of these tomorrow
• The 8 EMA and 200 SMA are at 4430 area. That will be fierce resistance and the market will react there if we touch that
• The 21 is all the way up there at 4560! It would not be unreasonable for us to revert to the falling mean in a rally. The macro trend is still down until we know otherwise.
• If you are a fibonacci person (I use these a lot), 4353 is the 23.6%, 4440 is 38.2%, 50% or model-T is 4511, 4581 is 61.8%, 4681 is the 78.6%. We hit the 23.6 yesterday and got close to 38.2, we are currently basing right below the 23.6

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aggiedaniel06 said:

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Just as a tidbit, Book maps are great for intraday scalping and getting a gauge for intraday support / resistance. All it tells you is where the wall of liquidity lies.
You do get a few head fakes from algos pulling liquidity last second but in general it is a solid tool.

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aggiedaniel06 said:

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Just as a tidbit, Book maps are great for intraday scalping and getting a gauge for intraday support / resistance. All it tells you is where the wall of liquidity lies.
You do get a few head fakes from algos pulling liquidity last second but in general it is a solid tool.

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FJ43 said:

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What do you do with this?

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