In the run up to FOMC today there was largely boredom.  So what was the outcome of the meeting? 

The Fed said inflation has “risen” but attributed the higher readings to “transitory factors.” Central bank officials have warned that higher inflation could be coming as a result of the “base effects” of measuring year-over-year changes in addition to some supply chain constraints.

That initially pushed the markets higher, in fact right to our major resistance line - where other factors to give us a short signal (marked by the badly drawn white arrow).  The down triangle is the signal and comes complete with a trade target (the red dot below the signal candle).  In this case the target was reached, and exceeded.  And so a very dull morning ended up as a nice afternoons trading.

The essence to trading and winning is as follows:

a.  Have a high probability trading system - one with a built in edge (which Inteligex has of course)

b.  Learn how to use it and understand it - yes, this can take some time but (1) its fun (2) it works

c.  Make a written plan and stick to it - and yes, this works too.  Do you think hedge funds dont write a plan for trading????

wit Inteligex you get all of the above.  We will work with you to deliver you trading aims.