Volatile ahead of the FOMC-meeting?

My pennant-beak-out failed and I have accepted a reality to see a pullback.
I am watching closely the support area 1422.65-1426.68 and the next supports 1417.65
I expect 1412.67 would hold.
I would like to stay outside this market until after the FOMC-meeting (September 12-13).

1 comment:

Chip said...

goes back to your saying, screw the news, and as you say when the markets move WE MOVE. We have all the stuff we need, charts, indicators.... and the news always comes out in the charts first.

The guys here have awesome work and go more into the FOMC meeting details. http://sentiment-trader.blogspot.com.au