Member
Posted 21 September 2016 - 09:39 AM
Got a little spike above 96 after the BOJ...now pulling back into FOMC...
IF Uncle Buck goes back above 96 this afternoon and holds, then wedgie may finally breakout upside...
But if not, then BOJ spike may have been all she wrote for now....
Either way, should be decent sized move coming in currencies, and my guess is it begins this afternoon....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 21 September 2016 - 10:36 AM
By now Mr. Market probably already knew what the Fed will announce.
If no rate raise SPX is likely to go up in the afternoon........
Edited by redfoliage2, 21 September 2016 - 10:41 AM.
Member
Posted 21 September 2016 - 10:52 AM
My guess is no rate rise, and since everyone and their mother expects market will go up on that news..........
In any event, no need to gamble here, should be plenty of action once news outta the way....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 21 September 2016 - 11:26 AM
A look for a 1-2 day rally on no hike, BUT a roll over next week as reality sinks in that it IS IMMANENT.
Member
Posted 21 September 2016 - 11:29 AM
Two hours from the Fed announcement. My FF is No rate raise will be announced, i.e. the market is likely to go up and break out from the current narrow range...........
Edited by redfoliage2, 21 September 2016 - 11:32 AM.
