Market Outlook 08/18/2021
Welcome to FOMC Day.
Just like Monday, markets dipped Tuesday in the morning only to find dip buyers on FOMC optimism. Fed’s got our back, until they tell us that they didn’t. FOMC days should be treated as two separate trading sessions - before and after FOMC news at 2 pm EST.
/ES dipped to 20 Day MA on Tuesday morning where dip buyers were waiting and …