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.


lock

Sorry, this content is for members only.

Click here to get access.

 

Already a member? Login below

Email
Password
 
Remember me (for 2 weeks)

Forgot Password