Nathan Bear, Lead Technical Tactician, Monument Traders Alliance It's that time of the month again. We have a big data week ahead of us because of the consumer price index (CPI) and Federal Open Market Committee (FOMC) announcements. My plan? I'll stay light and nimble. I don't want to do any large positional trading until at least Thursday or Friday to give the markets time to chop and shake out after the CPI and FOMC releases. The one trade I really do like (and I get to do this one only eight times per year) is the "Powell Fade." You might remember I made a similar trade last month, which caught a 10-point reversal on the SPDR S&P 500 ETF (SPY) the same day. For this next trade, we want to fade the markets when Powell starts speaking tomorrow at 2:30 p.m. ET. Click the image below to learn exactly how it works. |
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