Despite all of today’s pre & post-FOMC volatility, /ES (and /NQ) remains below the 60m bearish rising wedge pattern following the recent breakdown, currently offering an objective add-on or new short entry on this backtest of the wedge. Ditto for /NQ, SPY, & QQQ (60-minute charts of each below).
ES 60m Sept 17th
NQ 60m Sept 17th
SPY 60m Sept 17th
QQQ 60m Sept 17th
Lots of pre & post-FOMC volatility as IWM pinches towards the apex of this smaller wedge pattern, with a sell signal to come on a solid break and/or daily close below it. 60-minute chart below.
IWM 60m Sept 17th