To The Moon

All staged for Papa Powell/FOMC on 22 Mar! Big movement expected!

Price action always speaks volume. 

Weekly Chart

- Bollinger bands contract

- MA lines converged

- Very clear extremes (top 420) and bottom (380)

- Price action got rejected by the famous MA50 on a weekly chart

Daily Chart

- MA5 and MA20 are approaching one another; Likely will be close to touching by Tuesday in preparation for explosive moves on Wed 22 Mar FOMC

- Range to be broken out from is between 388 and 402 with further expansions to what weekly charts shows 380/420

How I am playing it

- Look out for price action to stay between MA5 and MA20 with the touch by end Tuesday

- Then wait for FOMC

- A rate pause will probably bring MA5 to cross above MA20 and go on a relief rally

- A 0.25 or 0.5 would probably bring both MAs apart again and lead prices down to 380, 350 and then 320

Exciting times ahead again!

Good luck all!

@TigerStars  @CaptainTiger  @Deposit  @LMSunshine  @melson  

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