Trade Update: S&P Long @ 890.8

Let me be clear. This could be a very big day for the markets on the back of the FOMC decision/ statement at 1915 GMT. We will close our long position just prior to the decision around 1900 GMT, so as to negate the roulette wheel that is short term market reaction to data. We are currently 70 pips in the black and so I will trail stop losses accordingly: stop loss moved to 895.2. Why not move the stop to breakeven - 890.8? Our ascending support line is now in play at 895.2. Should the S&P break this support then our rationale for being in the trade would no longer hold water.






Happy trading all!