Note: The S/R levels (i.e. likely bank trader order levels) as depicted in their respective timeframes in this and prior articles have not changed, and will probably NEVER change regardless what happens in financial markets. What follows is my own world view, developed from an institutional trading career dating back to 1995.

The Fed cut rates by another quarter point. And Chairman Powell’s statement was quite blunt: No more rate action until something happens.

The market’s focus is now back on other things, namely Brexit, US-China trade talks, the weakest economic growth in 30 years etc etc.

The only useful charts are the following H1 and intraday charts for some majors along with a look at CAD and gold.