now testing yesterday's low, some chances of double bottom here.
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*FED DECIDED TO WAIT FOR TIME BEING FOR SOME FURTHER EVIDENCE
*FED SAYS CASE FOR A RATE HIKE HAS CONTINUED TO STRENGTHEN
*FED SAYS GEORGE AND MESTER DISSENT IN FAVOR OF RATE HIKE
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Fed funds implied a 14% chance of a rate hike today but sentiment was for a 0% chance with expectations of a hawkish-biased statement (67% prob of Dec hike).
NO PRESS CONFERENCE
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
*FED DROPS REFERENCE TO SEEING INFLATION STAYING LOW NEAR TERM
*FED REPEATS RISKS TO ECONOMIC OUTLOOK `APPEAR ROUGHLY BALANCED'
*FED: HOUSEHOLD SPENDING `RISING MODERATELY,' INVESTMENT SOFT
*FED: JOB GAINS HAVE BEEN SOLID, GROWTH PICKED UP SINCE MID-YR
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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so far almost not show. election result is more important than fomc now.
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I missed that whole move. This is my first experience trading ES during a news event and seeing the wild swings. The good news is my setups didn't fail me. Next time, I'll have a better idea of what can happen.