Market completely gave up yesterday's gains throughout today's market session. I had sent a chart showing a falling wedge which did have a nice breakout, but got completely obliterated once we began retracing the move. It's quite unfortunate to have seen that breakout turn into a fake out, but we'll move on. Today might be another tough day when it comes to price action, we do have FOMC in the afternoon and it seems like either market has already priced in some stuff, or we could get some nice news and be due for a nice reversal.
I'll wait things out and see what today gives, not too much to say besides just play the trend.
Have a good day and trade carefully!
