Day-Trading Scenarios for Apr 28, 2026

The Fed begins their meeting for tomorrow's announcement.

The trend is up so we buy into support.

First support is 49363, then 49245

Resistance is 49550 then 49709

YM June '26 Settlement: Closed around 49,342 (with intraday trading ranging roughly 49,250–49,429). The contract showed modest movement, ending slightly mixed to soft in a low-volume environment typical for a Monday with limited data.

• FOMC Meeting: Begins today (April 28–29), with the rate decision and Powell press conference on Wednesday. Rates are widely expected to hold steady (around 3.50–3.75%). Focus will be on the dot plot, economic projections, and any hints on inflation, growth, or geopolitical risks.

• Earnings Season Ramp-Up: This is a pivotal week. Big Tech reports kick in heavily (e.g., Microsoft, Alphabet/Google, Meta, Amazon mid-week; Apple later). Investors will scrutinize AI capex guidance, margins, and forward outlooks—these names heavily influence sentiment and have driven much of the recent Nasdaq/Dow divergence.

• Geopolitics & Oil: Ongoing US-Iran tensions and the status of the Strait of Hormuz remain a major wildcard. Stalled or fragile peace talks have kept oil elevated (WTI/Brent reacting to any shipping or escalation news), adding stagflation risks and pressuring cyclical sectors in the Dow. Any positive developments on reopening shipping lanes could ease energy costs and support risk assets; setbacks do the opposite.

FOMC Meeting Begins

Case-Shiller Home Price Index

 9:00 AM ET

FHFA House Price Index

 9:00 AM ET

Consumer Confidence

 10:00 AM ET

Richmond Fed Manufacturing Index

 10:00 AM ET

Treasury Buyback Announcement

 11:00 AM ET

4-Week Bill Announcement

 11:00 AM ET

8-Week Bill Announcement

 11:00 AM ET

4-Month Bill Announcement

 11:00 AM ET

6-Week Bill Auction

 11:30 AM ET

2-Yr FRN Note Auction

 11:30 AM ET

7-Yr Note Auction

 1:00 PM ET

Money Supply

 1:00 PM ET

Treasury Buyback Results

 2:00 PM ET

<<<<<<<<<<<<<<<<<<<<<<<<<<<

DATE: 4/28/2026

TIME: 8:51 AM

HIGH: 49522

LOW: 49190

CLOSE: 49342

PIVOT: 49351

SUPPORT: 49174

RESISTANCE: 49709

SWING MAGNITUDE: 199

TIME OF COMMENT: 8:51 AM

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