double top breakdown which usually would fail though.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Unique wrote:ES: Attempting channel resistance breakout before FOMC announcement. 61.8% fib = 2067.56
Then, no major resistance until 2086.34 which collides with upper channel resistance.
Waiting for 2PM.
Just to be clear - this is NOT an FOMC day.... that was back on October 28th - this is a release of the minutes from that meeting on the 28th - still important, but there is NO ANNOUNCEMENT. The embargo'd press will come out with 500 words on the gist of the minutes at 2pm .... but there is no announcement.
I do not keep any stats on FOMC minutes day as some times the market moves some times it does not...
NEXT FOMC meeting is on 15-16th of Dec - right in the middle of opex.
Unique wrote:ES: Attempting channel resistance breakout before FOMC announcement. 61.8% fib = 2067.56
Then, no major resistance until 2086.34 which collides with upper channel resistance.
Waiting for 2PM.
Just to be clear - this is NOT an FOMC day.... that was back on October 28th - this is a release of the minutes from that meeting on the 28th - still important, but there is NO ANNOUNCEMENT. The embargo'd press will come out with 500 words on the gist of the minutes at 2pm .... but there is no announcement.
I do not keep any stats on FOMC minutes day as some times the market moves some times it does not...
NEXT FOMC meeting is on 15-16th of Dec - right in the middle of opex.
Unique wrote:ES: Attempting channel resistance breakout before FOMC announcement. 61.8% fib = 2067.56
Then, no major resistance until 2086.34 which collides with upper channel resistance.
Waiting for 2PM.
Just to be clear - this is NOT an FOMC day.... that was back on October 28th - this is a release of the minutes from that meeting on the 28th - still important, but there is NO ANNOUNCEMENT. The embargo'd press will come out with 500 words on the gist of the minutes at 2pm .... but there is no announcement.
I do not keep any stats on FOMC minutes day as some times the market moves some times it does not...
NEXT FOMC meeting is on 15-16th of Dec - right in the middle of opex.
-D
I guess the market will try to guess how much would the hike be, what is the pace, etc etc from the minutes.
ES: Everything lining up for the initial bull train squeeze since price is an accelerated 1HR 8EMA bull train setup right now. Along with every 15m 8EMA+20EMA being bought
Next major resistance is 2068-2070, then 2078, 2086 when triggers above HOD again
Al_Dente wrote:SPY is in an epic struggle here between good and evil
Please post appropriate medieval battle GIFs
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Trades with cats wrote:I just want to say that a discussion about the gravitas of various avatars on a forum that posts kitty videos should not pass unnoted.
May I say that we have been waiting patiently (too long) for you to post pictures of you trading with cats
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.