Carving the Range Before the Fed
by Tony Rago
We’re carving out a clean range as the market settles in ahead of tomorrow’s FOMC, and that usually means the first move isn’t always the real one. I’m expecting more range-bound action into the announcement, but the JOLTS release at 10 a.m. has enough weight to spark a directional push. A break back above the weekly opens shifts momentum higher, while a move under yesterday’s lows opens the door for sellers to press — those are the two lines in the sand for now.
Stay sharp into that 10 a.m. window and let the reaction set the tone. If JOLTS hits and the market shrugs, we probably shape into a steady, tradable range where patience pays. But if it bites, be ready for that expansion. Either way, it’s a day to stay adaptive, stay focused, and let the market reveal its hand before leaning in.
👉 Full breakdown is inside today’s Pre-Market Playbook. Check it out here and trade it smart.
