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U.S. equity futures experienced volatility ahead of the Federal Open Market Committee (FOMC) meeting scheduled for January 30, 2025. The S&P 500 futures (ES_F) demonstrated a fluctuating trading pattern, with key support and resistance levels identified. After a rally that reached a high of 6105, traders noted that the critical support level was between 6066 and 6070. A failure to maintain this range could lead to a drop to 6049. As of the latest updates, futures had hit targets of 6098 and 6105, with the next targets set at 6115-20. The market's behavior is expected to remain choppy until the FOMC announcement, with traders advised to protect gains and avoid overtrading. The anticipation of increased volatility is prevalent as the FOMC meeting approaches.
Great follow through continues in #ES_F as we make Round Trip #2 through today's targets. 6070 reclaim triggered long as posted. 6098 was 1st target up (hit just now). Protect gains, hold runners. 6105, then 6115-20 next. We see 6130, then 6148+ after. No sell unless 6066 fails https://t.co/wCLSkJenvn
We are coiling tight in #ES_F, a large trend move is coming in the next few days. I posted 1hr ago 6070 had to reclaim to resume up, and we recovered it and rallied +20. Hold runners/don't overtrade. Today's targets were 6098 (hit), 6105 (hit), 6115-20+ (pending). Sell only<66 https://t.co/PNFIcsledp
Its been a goldmine for my core setup: The Failed Breakdown. I posted 33 minutes ago that 6070 had to reclaim to resume up, and we are +16 points. Protect gains here. Today's target slate was 6098 (hit), 6105 (hit), 6115-20 (not hit yet). They remain the same. Dip again <6066 https://t.co/nc4NR1hQ2L
