Another FOMC passed without a rate hike as expected. The indices turned up into positive territory after the FOMC announcement. In the end, SPX and QQQ made new lows of the day while RUT gave back most of its gains for the day. The market is clearly under pressure.
Made 13 trades. I scalped SPY expecting a pop after FOMC announcement. My plan was scalping so that I quickly grabbed some profits to cover my costs. I continued to buy hedges. No major trades as planned. The wedges of the majors are narrowing on daily charts. It may break soon.
Net liq stayed the same. The margin ratio is above 60%. Now the market is waiting for NFP this Friday.
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