2 setups AFTER FOMC to grow my account| SPX Options Strategies
If you're looking for a great trade after FOMC here are 2 setups I would be waiting for AFTER FOMC to grow my account Trigger $SPX over 5200
Trade Idea: $S&P 500(.SPX)$ March 22 5250C
Target: 5250
Trigger $S&P 500(.SPX)$ under 5147
Trade Idea: $S&P 500(.SPX)$ March 22 5100P
Target: 5100
Why wait until after FOMC?
Because nobody knows how the market will react to FOMC/Powell. Too hawkish and we may see a sell off..
If Powell has dovish statements hinting at rate cuts soon we can see a huge rally leading into next week.
It's best to WAIT to see how the market reacts to Powell's statements and his answers to the q&a before considering a trade.
Reacting is always better than predicting when it comes to day trading.
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