Comments on: Will The Fed Spark A Rally Today? QQQ SPY Price Targets

By: rsotc

rsotc — Wed, 19 Dec 2018 15:54:32 +0000

In reply to latrell339. Congrats. Don't let me influence your trade but I just can't see the Fed coming across as anything but increasingly dovish (which would be bullish for the market) when they provide their post-meeting comments today. My plan is to stay long with some extra-liberal stops today & then tighten the stops shortly after the open tomorrow & let the longs ride as I can easily see 5% upside from here & possibly 10% if the market doesn't drop more than 2-3% in the wake of the FOMC announcement.

By: latrell339

latrell339 — Wed, 19 Dec 2018 15:12:28 +0000

Thank you Randy. Brought TQQQ at close yesterday too. Probably will book profit before FOMC

By: Deltapatch

Deltapatch — Wed, 19 Dec 2018 14:28:17 +0000

Thank you Randy.

By: pkm48193

pkm48193 — Wed, 19 Dec 2018 14:04:51 +0000

Went short premarket in a small position. Close stops. Will take a small loss, but don’t want to miss a plunge. Overnight, ES bounced off downward trendline again.

By: evyAL1972

evyAL1972 — Wed, 19 Dec 2018 14:04:44 +0000

could get a relief rally on the scale of post midterm election 2018 based on the size of the anticipated event .
That will provide good short entry.