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I see nothing. Could be either be Measured Move or at least to revisit the previous high. I'm neutral.
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volume surge, previous day low, so might see rebound here first.
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My summation index signal is up.
My composite trend indicator signal is up.
I should be long here per the above signals but I closed out of the expiring September contract.
I will get around to realigning with the signals at some point.
I kinda would like to see how we close today with a view toward setting the position next week, but I'll let the market tell me what to do.
Also, sometimes the initial reaction to FOMC is not THE reaction.
So, watching and responding to post-FOMC trade as it seasons is what I want to do.
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forget about the guess. Now, NORMALLY, should be another low attempt but whether it'd make a new low is hard to call.
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Interesting, thanks for posting. This was a surprise decision and probably not related to the FOMC decision.
I bet FOMC is worried about the replay of 2011 with USA debt ceiling stalemate and possibility of USA downgrade.
Or, maybe there are hidden surprises in Euro zone?
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