WATCH THIS BEFORE FOMC MINUTES MEETING TODAY!!!
These notes were generated by AI and may contain inaccuracies.
Happy Wednesday. Big reversals forming today from the overall NASDAQ market, showing signs of extreme overbought levels just before the Fed minutes report. FOMC meeting minutes release at 2:00 p.m. Eastern time. This report, released three weeks after the Federal Reserve decision, provides insight into how the committee reached the most recent decision to pause interest rates. It helps investors and Wall Street assess if it's bullish or bearish, dovish or hawkish for upcoming rate decisions.
Markets on larger time frames (e.g., 4-hour) are oversold, testing 600 support range with recovery potential to previous highs of 630-640 per share. Intraday, markets are overbought. Even if going long and closing at 610, risk-to-reward doesn't make sense from 609-610—downside risk is much bigger than upside potential. Be careful with intraday trades; a break of support confirming reversal could sell off NASDAQ, bringing down everything including Bitcoin and MSTR (which follows Bitcoin closely). Short MSTR or go long MSTZ in that case.
Slow day with $200 green, following $9,000 day yesterday. In LPP live trading session, took advantage of shorting MSTR or longing MSTZ, but less aggressive today after big win to avoid overconfidence. Big moves like yesterday's MSTR sell-off don't happen every day. Took profits quickly, felt balanced. Still consolidating in 128-129 range. Respect that every day differs; market sentiment plays a big role even on the same stock.
Sign in to read the full notes
Get access to AI-generated notes, topic timestamps, and more.