ELSEWHERE, YESTERDAY
QQQ
“We are already making a higher high and lower low than last week which makes this an outside week…” [already] … We are also taking out the previous weeks' highs and lows so it is a double outside week. Last week was a doji candle which implies uncertainty, but it did make a higher high. What these candles are telling us is that the market is having trouble holding these higher highs after breaking out 3 weeks ago.”
[Greg Schnell] http://stockcharts.com/articles/dont_ig ... entum.html
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Negative opinion from Bloomberg-Several charts, but the bottom line is Hawkish debate will tank market.
"It doesn’t matter if a more balanced assessment of the minutes in the coming weeks subsequently rules out November again. The technical damage likely to be done during the next 24 hours will provide both another shock to markets and further boost to broader volatility."
champix wrote:ES : if we manage to stay above 5 min EMA20 and see 2136 and break the triangle on the upside, immediate target should be 2140-2142.
Below 2136, looks like we go down...
Nothing new, waiting for the minutes to find a direction.
pullback as expected but it's much weak than I thought. anyway 8 min to show time.
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mind the orange invs H&S for the FOMC "head fake" ..otherwise the cyan invs H&S for the pop up then fail .. buckle up.. probably a non event today just to screw with us
the chart is up biased going into show time by the way.
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*FED: SEVERAL OFFICIALS SAID DECISION TO WAIT WAS ‘CLOSE CALL’
*FED SAYS SEVERAL FOMC MEMBERS SAW RATE RISE ‘RELATIVELY SOON’
*FED: IT WAS NOTED ‘REASONABLE ARGUMENT’ COULD BE MADE TO HIKE
“Several participants expressed concern that continuing to delay an increase in the target range implied a further divergence from policy benchmarks based on the committee’s past behavior or risked eroding its credibility”
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Al_Dente wrote:*FED: SEVERAL OFFICIALS SAID DECISION TO WAIT WAS ‘CLOSE CALL’
*FED SAYS SEVERAL FOMC MEMBERS SAW RATE RISE ‘RELATIVELY SOON’
*FED: IT WAS NOTED ‘REASONABLE ARGUMENT’ COULD BE MADE TO HIKE
“Several participants expressed concern that continuing to delay an increase in the target range implied a further divergence from policy benchmarks based on the committee’s past behavior or risked eroding its credibility”