Post-Fed: Snapback or More Pain?
by Tony Rago
We’ll see what this tape wants to do post-Fed. Yesterday was one of the fastest shifts I’ve seen in a long time—from risk-on buying everything to risk-off selling everything. That kind of reversal creates absolute carnage on the charts and leaves traders trying to figure out what just happened. Now the question is whether we get a snapback rally as buyers step in to absorb the damage, or if yesterday was the start of something bigger and we see continuation to the downside.
I’m not interested in guessing the answer before the market opens. I want to see where we land in the opening ranges and let that structure guide the day. The OR should give us the first clues about who has the ball and whether buyers or sellers can actually follow through. After a move like yesterday, patience is more important than ever. Let the tape settle, wait for the setup, and then trade what price is telling you. There will be plenty of opportunity—no need to force it. 👍
👉 Full breakdown is inside today’s Pre-Market Playbook.
Check it out here and trade it smart.
Until next time,
Tony
