It’s a brand-new trading week. And the next big direction of the markets largely hinges on the Fed.
In the meantime, let’s look at how markets have been moving.
The Daily Direction
Note: Tech stocks sold off to end last week – dragging the indexes down with them. All the short and medium-term index directions have now flipped negative, with the small-cap Russell 2000 precariously close to seeing its long-term direction flip downward as well.
The Daily Nugget
Trading will never pay you in the same way as a regular office job.
Employees get paid about the same amounts every week or month. It’s a nice, even distribution.
Trading is not like that at all.
Yes, you can potentially make far more money than most 9-5 workers out there…
But that money won’t come in regular intervals – not even close.
Because there’ll be long periods where your account won’t seem to go anywhere at all – where all you do is hit one stop loss after another…
And periods where every trade runs up higher and faster than you ever thought possible.
Those profitable periods may only be there for a little while – but they will make up the bulk of all the profits you make.
That’s just how it works.
And what it means is that when those periods appear – you have to go after it hard.
The Fed starts its meeting tomorrow…
The outcome of which could absolutely send the market higher.
That’s why Ross Givens is going live tomorrow at 11 a.m. Eastern to show you the best ways to position yourself before then…
And Ross will see you tomorrow at 11 a.m. ET sharp.
The Traders Agency Team
P.S. If you don’t have a tested strategy you can use yet, just click here to equip yourself with Ross Givens’ flagship “Stealth” strategy now.