The Wednesday FOMC meeting is sandwiched between big time earnings reports from Microsoft and Google today, and then Apple, Facebook and Amazon on Thursday. Come Friday, the dust will settle and we can resume trading again without the high risk environment of news driven fake-outs. The only trade still pending for both services is IWM to the short side on a close below 194,00. That would preempt and override any FOMC concerns, in fact it may take a surprise firmnesss on rates to send the indices into a tailspin. As for TSLA, it has given up early gains today which suggests the current decline, triggered by the Jan 5th Sell Signal, may not be over. TSLA Daily Trend Model IWM BA - Poised for a slide... ...but not in front of the FOMC meeting
