The direction of all the markets during the post-Fed meeting press conference was mostly just in one direction – downward.
This is actually normal. What’s more important will be to see how we go from here in the next few days.
The Daily Direction
Note: Although all indexes closed lower yesterday, there was no change in any directions. The S&P 500, Dow, and NASDAQ are still a very long way from seeing their long-term directions switch downward – which is a good sign.
The Daily Nugget
You can do your best to anticipate the market’s move – but how you react to that move is what will ultimately make the difference to your success.
All trading strategies are about anticipating the market’s next move in some way, shape, or form.
But even the best trading strategies won’t work 100% of the time.
That’s why, while having the right strategy is important…
What’s even more important is knowing how to properly react when the market’s move doesn’t go your way.
When anticipation fails, proper reaction becomes critical.
And that’s all about being able to manage your internal state.
Just something to keep in mind as we wait and see the full impact of the Fed’s “mixed communication” yesterday.
And if you’re looking for the most optimal strategy to use in the wake of the Fed’s latest decision….
Make sure you join Ross tomorrow at 12 p.m. Eastern as he goes live to show you exactly that.
And Ross will see you tomorrow at 12 p.m. ET sharp.
The Traders Agency Team