Trading PlanThe long-awaited Fed announcement on Wednesday turned out to be a go-nowhere day, possibly because the markets moved up strongly on Tuesday based on “new positive China news.”

Based on the technical price pattern prior to that move, it was signaling a move higher, but the surprise news on China got things going early.

As mentioned in the past, this market has been excessively news driven — sometimes on a day-to-day basis.


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