On Wed, it’s just the release of the minutes from the last FOMC meeting, although sometimes the release of the minutes can spark some buying or selling in the market, if the masses pick up on some things that weren’t covered during the post-FOMC press conference. Here’s the economic calendar, which is accessible by going to the main menu of RSOTC.com, selecting: Resources>Tools of the Trade>Economic Calendar (click the link at the bottom of the page for the Econoday Calendar) https://us.econoday.com/byweek?cust=us

It has been & will most likely continue to be a stockpicker’s market until the major indices, especially the $NDX, clearly breaks out of the multi-month sideways range it’s been in & picks the next direction.

The problem with an upside break is that the big divergences that will be in place at any new high will likely keep a lid on any upside breakout, while a solid downside break of the range has the potential for a much bigger drop than an upside breakout has for a rally.

Not a bad time to take some time away from trading, as so many retail & professional traders are on vacation this time of the year, so whipsaws/false breakouts tend to increase & it’s not unusual to see this type of sloppy back & forth grind in the market.

Thank you! I think Wednesday/Thursday FOMC is a day we could see some action that might trigger sell signals. However, often they are fake ob FOMC day itself.. ?

Sure. 60m charts of QQQ & /NQ below, along with a daily chart of DIA: