Partly Clear And Partly Cloudy
The short term trade set ups seem pretty clear, but with that Fed Wednesday Meeting rapidly approaching, the end of the week could host a number of reactions. Lets see how things are currently unfolding . . SPX – This bearish wedge was forming last week (March 9 chart). The SPX did drop quickly and […]
There It Is Again
Well, after several weeks of good trading , it appears again. Yes, I’m taking about that Elephant in the room – only this time things He’s levitating as we head into the Fed Mtg this Wednesday. Lets take a look at our markets, keeping in mind that we do have a Fed Meeting this week. […]
Just Follow the Pullbacks
Quick update on the Pullbacks… SPX – Remember that Wedge from March 9 below? I still expected it to run to the 200sma , and then a drop to the 50sma in a 1/2 cycle low. SPX – The 2 spike down days could be changing the way that lower trend line looks. The SPX […]
