Morning Ideas August 17, 2022

Good morning traders,

Today is FOMC minutes day. They come out at 2pm. As I say in the video, it's a bit concerning that the market has fallen overnight. Usually the mornings of FOMC are more "muted" kind of trading.

I give some levels in the video that I think are important for today. As a trader with a long bias, I need the market to hold onto 4250. 4180 is critical, and although it seems far away, I mention the level because it can absolutely get there today if the news is bad.

I explain more in the video, I think it's worth a watch.