“I will not allow yesterday’s success to lull me into today’s complacency, for this is the greatest foundation for failure.” – Og Mandino
It’s all about follow-through now. Even if we know that usually, the best time to fade post FOMC moves tends to be 24/48h after the release, the current context is slightly different.
In today’s webinar we will focus on updating our current outlook and how we would manage existing positions, along with new opportunities. Please make sure to follow along on out Twitter feed for chart updates today as we are too busy on the trading side to load charts onto the blog.
Our current base-case assumption remains that indices have yet to bottom and that the dxy remains in a topping process. We are well aware that this has been an unpopular view and we will continue to discuss and dissect our rational and thinking in today’s session.
Do not be surprised to see aggressive moves in the coming days as we head into the end of the week/year and as participants are forced to react to recent action. Remember that you can always refer back to our Latest Outlook Video.
If you are interested in a more structured way of tackling the business of trading, attending a live daily morning call or a more detailed discussion on the charts we post / trade ideas, don’t hesitate to check out our Premium content.