pre-FOMC

Most FOMC days have early opportunity before the markets go into a lull as the announcement approaches.
VXX long 3d setup (technically the criteria is 1d, but the strength of the setup is the trend of the slow line and the fast line correcting into it).  I mentioned the other day that the 3d setup occurs later in the day but can carry through into the next morning session.  It's integral to know where overhead resistance is so you can anticipate the dynamic move that comes from trailing stops and/or long positions being initiated.  The 5-min chart of the VXX has two arrows; the leftmost is where the trade technically triggered based on the 3/10 macd and the rightmost where the actual entry was as resistance was taken out (actual R:R was much better on the left arrow).  Fib. projections (15-min chart) based off of the previous day's seed wave.

Mentioned yesterday was to watch MEE and its developing H&S pattern.  This short setup was a breakdown out of a flag and a bounce at the H&S daily neckline:

setting up for something

SPY intraday has formed an inverted roof pattern

 Patterns within patterns.  These intraday inverted H&S patterns never achieved their measured moves.

Whichever direction it breaks out, the measured move comes out to about 1-1.5%