Some sort of consolidative flag/triangle pattern. I'm guessing we test the low end of that range tomorrow and bounce on what may just be a lower volume day.
I'm guessing the language of the statement issued by the fed is going to mean quite a bit since we're still pretty overbought here & sitting right up next to resistance.
CME pricing in a 22% chance that FED leave rates unchanged. 78% chance of quarter pt., but that won't be enough to move markets beyond where they are now. According to pundits we're in a bear market rally, so post FED we might roll over unless half pt.cut.
Tell tale signs - leaders like POT have been correcting on higher volume lately.
Anemic volume ahead of the FED on Wednesday. Minor gains were wiped out in late session profit taking.
2 comments:
Nice Jamie. We're both seeing the same thing :)
Some sort of consolidative flag/triangle pattern. I'm guessing we test the low end of that range tomorrow and bounce on what may just be a lower volume day.
I'm guessing the language of the statement issued by the fed is going to mean quite a bit since we're still pretty overbought here & sitting right up next to resistance.
Hey Dave,
CME pricing in a 22% chance that FED leave rates unchanged. 78% chance of quarter pt., but that won't be enough to move markets beyond where they are now. According to pundits we're in a bear market rally, so post FED we might roll over unless half pt.cut.
Tell tale signs - leaders like POT have been correcting on higher volume lately.
Post a Comment