How Will $QQQ & $SPY Perform After the Federal Reserve Meeting? | Midday Market Minute | 5.3.22

Posted: May 3, 2022, 3:08 p.m.


Click Subscribe!! We Appreciate Our Followers!! It's a choppy day of consolidation ahead of the Fed Meeting tomorrow.... The $QQQ and $SPY both extended their ranges higher today, with the Nas getting it's nose above the overnight high. Staying constructive would mean closing above the lows of Friday.

Check out our Daily Morning Express Research for Support & Resistance Levels!

Crude Oil has surrendered $103 today, with the pace of various European countries banning Russian Oil being still affecting the price one way or the other. China coming off of their holiday (ends tomorrow) should bring new headlines to chew through.

In the end, today is light as traders wait for the Fed Meeting tomorrow.



Sign up for a 14-day, no-obligation free trial of our proprietary research with actionable ideas!
Free Trial Start Trading with Blue Line Futures Subscribe to our YouTube Channel
Email info@Bluelinefutures.com or call 312-278-0500 with any questions -- our trade desk is here to help with anything on the board!

Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.

Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.

With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@bluelinefutures.com or call us at 312- 278-0500




Like this post? Share it below:


Back to Insights