Of course, we have the much-anticipated & potential market-moving FOMC rate decision & subsequent press conference later today, which has the potential to alter the trajectory of just about any stock correlated with the broad market. With that being said, following the typical reaction off the initial tag of T2, the UPS (United Parcel Service) long swing trade has powered back up with the next buy signal to come on a solid break above T2 & the 200-day MA’s. Previous & updated daily charts below, along with a new uptrend line off the lows, in which stops could be raised to somewhat just below (to allow for a slight stop-raid dip below) after the post-FOMC dust settles.
UPS daily Sept 11th
UPS daily Oct 28th
UPS daily Dec 10th