One of the biggest enemies for a trader is FOMO (fear of missing out). In a day like today, where we have a pivotal FED meeting and the BOND market seems to be putting the FED’s will to a test, we find it very prudent to be on the sidelines. The moves could be erratic and relentless.
There is no reason to chase. The Biscuit will be on the sidelines until probably Friday, when the landscape will be defined and the chop-fest subsides a bit.
We will post views on the BLOG and try to add color, but wont be part of the chop-fest for now.
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