Special Fed Week Stock / Indices Report: What to do

Traders should “avoid the noise” as much as possible when trading. This implies trading at specific times and trade location where there is a greater than random chance of taking a trade that has a positive expectancy. Trading from now (Wednesday, September 15) until an hour or so after the Fed announcement tomorrow is very unlikely to offer such an opportunity. When the dust settles you want to be trading in the direction of the price side of the High Volume Node of the index / ETF ./ futrue / Stock you are trading.

Below are the indexs futures contracts and the ETF index proxys with Key Reference Areas highlighted. The HVNs of the contracts are circled; if the market is trading above that level favor longs. If the index is trading below that level favor shorts. When the dust settles Thursday there is a good chance of the intermediate term direction being set, and therefore the potential for a very nice trade.

ES

ES_Daily

SPY

SPY_Daily

NQ

NQ_Daily

QQQ

QQQ_Daily

TF

TF_Daily

IWM

IWM_Daily

YM

YM_Daily

DIA

DIA_Daily