S&P 500: Volume Profile Trading Analysis (post-FOMC)

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SUMMARY:

1. There was a rotation followed by a strong trend caused by FOMC macro news.

2. I used my Flexible Volume Profile to identify a heavy volume area.

3. This volume area represents a strong Support as strong Institutional Buyers were building up their Longs there.

4. This Support is also confirmed by a Price Action Setup that says that a breached Resistance becomes a Support.

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Happy trading!

-Dale

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