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FOMC Minutes Release; Traders Hold Resistance- 17Aug, 2022

Latest news and the docket ahead

Market Outlook – Buy the dip remains – though today the dip looks a bit deeper. Today’s post will be short as personal morning trading has taken precedent.

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Likely to approach the orange dashed line before another bounce – we are still in a ‘buy the dip’ formation
Same for the NQ

FOMC minutes could keep us in ragged formations today – look for the edges –