Here is an hourly chart of the December S&P e-mini futures. I last commented on this market here.
As you can see the market is holding support at 1378. I remain convinced that we shall soon see at 1390 print, probably after the Fed announcement tomorrow at 2:15 pm ET.
2 comments:
Carl,
Isn't everyone expecting that they will play that little game after the Fed releases their policy statement. i call it a game because i don't see why anyone needs to lift everything in sight so quickly other than to rattle the shorts and encourage the momentum players to get involved. I wouldn't think that you would expect what the crowd is setting up
Carl, I just wanted to compliment you on an interesting blog. For the most part I steer clear away from trading / investment blogs, because they are repetitive and largely written by novices. However, your blog offers an interesting forecast element that I rarely see. I have added you to my favorites. Keep up the interesting work.
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