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Good morning on this historic FOMC rate descision day. ( 2:00 pm et ).
Highly correlated and inversally correlated markets back up the case for sideways chop until the decision:
Scalped a little bit today on a 3rd sim account. Scalping is not something I expect to be as profitable as my other trading but I thought I'd try a little and track it separately:
plus $125
Before the opening bell... Sold off about 1% overnight. I haven't been able to find a particular reason in the press or from looking at correlated markets. My systematic swing systems are short and the reason for that is no secret to me. The weakness in the technical indicatorss is enough for me to have a short bias for the day. I will look to day trade to the short side.