Make or Break....

The S&P emini shown below is at a point where a break in either direction should provide good trading opportunities. A break below 1460 would likely lead to a re-test of the recent lows near 1406. A move up past the last pivot would likely lead us up to the 1560 area. Volatility is high with the wide range bars after the Fed decision on Tuesday. Todays inside bar is generally viewed as bearish but the ES is sitting at MA and is right between the 50% and 38.2% fibbo levels. The next day or two should tells us more.

Happy Trading and God Bless.