AS mentioned in the last night report, FOMC intraday pattern generally is up to 2:15pm ET.
Global ES doesn't look bearish, at most it's range bounded, so direction is not clear. Breakout would be Rectangle as continuation pattern, therefore Measured Move to galaxy far far away; Breakdown would be double top, the Measured Move doesn't go too far as illustrated on the chart below.
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Bears should be careful about the possibility of Ascending Triangle.
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hey cobra, i didn't get an rss feed for today's intraday watering. not sure if it's just google reader or something to do with my system. thought i would let u know.
bouncing from yesterday's low, hopefully the rebound could go a little far this time, although generally, the rebound shall fail eventually, this is at least a 2 legged pullback, not sure as today is a special day so let's wait and see.
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agnosia wrote:hey cobra, i didn't get an rss feed for today's intraday watering. not sure if it's just google reader or something to do with my system. thought i would let u know.
I didn't change a thing on this forum, so should not be my problem I guess.
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.
agnosia wrote:hey cobra, i didn't get an rss feed for today's intraday watering. not sure if it's just google reader or something to do with my system. thought i would let u know.
I didn't change a thing on this forum, so should not be my problem I guess.
Cobra wrote:bouncing from yesterday's low, hopefully the rebound could go a little far this time, although generally, the rebound shall fail eventually, this is at least a 2 legged pullback, not sure as today is a special day so let's wait and see.
On this special day, does TA work as usual? Or you will wait for news to decide?