I see a 12:04 and 1:47 pm FP on the SPY of 143.43, but I’m not sure if it’s real or not as that lines up with yesterdays’ closing price… meaning it could be a late fill? I like to see FP’s that don’t line up with any level over the last several days. So I’m not trusting this one.
I agree Bill… we should see a pop higher after the 12:30 announcement and then the selling to start. We could even see a move lower first, then back up, and finally back down. I’ll wait out the nonsense as the direction should be clear by the close.
I disagree. After FOMC or after this AM run, I expect the market to be topped and the selling to begin, unless bern the banke announces something unexpected
I see a 12:04 and 1:47 pm FP on the SPY of 143.43, but I’m not sure if it’s real or not as that lines up with yesterdays’ closing price… meaning it could be a late fill? I like to see FP’s that don’t line up with any level over the last several days. So I’m not trusting this one.
EURUSD Chart update: http://niftychartsandpatterns.blogspot.in/2012/12/eurusd-chart-update.html
I like this guy… Mike Vacchi of Princetontrader.com:
http://www.mrtopstep.com/princetontrader-market-webcast-december-12-2012/
If we go down quickly from the FOMC news I will exit my shorts and wait for a reversal back up to new highs around 1440-1445 to re-short again.
I agree Bill… we should see a pop higher after the 12:30 announcement and then the selling to start. We could even see a move lower first, then back up, and finally back down. I’ll wait out the nonsense as the direction should be clear by the close.
ES Chart update: http://niftychartsandpatterns.blogspot.in/2012/12/es-chart-update.html
I disagree. After FOMC or after this AM run, I expect the market to be topped and the selling to begin, unless bern the banke announces something unexpected
not looking pretty for bears
FACEBOOK Chart update: http://niftychartsandpatterns.blogspot.in/2012/12/facebook-chart-update.html
American Riots Will Be The Worst In The World
http://www.youtube.com/watch?v=FaGc06PbGmY
i concur, sell the news!