(GET READY) The expected move for FOMC in SPYThe expected move for FOMC in SPY
After making new all-time highs on Friday, December 6, we have been consolidating back to the 30 minute 200 moving average. You could see how we’ve been chopping around sideways along the 35 EMA back to the 30 minute 200 moving average. So we are just above that 30 minute 200 moving average yesterday we closed directly above it with the 35 EMA directly above that and so far this morning we are above those two levels. We are in that down gap from Monday, going into Tuesday so possible level of resistance around 607 and then we have the one hour 200 average at the very bottom of the implied move.
So the implied move is between 600 to 609 and on tomorrow’s contract for Thursday 599 to 610.
I’m taking a little short break from making videos because they are very time-consuming and in December in this month with everything going on I just don’t have time to make them, but I will be getting back to that in January and for now I’ll still be posting these still charts
GL, y’all