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It looks to be another volatile day with more mixed trading overall. The overall bias is still down as I am typing, but that could be changing. Regardless of how the day
As expected, prices and volume are stagnant as the market waits for today’s FOMC news release at 1 PM CST. Prices could still move at some point prior to that report being
Prices are rangebound again today so far. There is an overhead gap on today’s chart, and if prices can push higher to fill that gap, that first target would be at 5147.25.
I am back in the office this morning as promised, but I am swamped as you can imagine. It will take me a few days to catch up, but I will be
It looks as if prices are still attempting to test the long-term upsloping trend line on the daily chart, so that is likely our first target. They rallied prices during the thin
Prices are mostly range bound this morning, but the overall bias is still slightly down for now. That could change as the day progresses, but it appears prices are pushing lower to
Prices rallied overnight, only to turn down soon after the regular session opening. The retail sales numbers came in higher than expected, which gives further reasons for the Fed to delay any
The trend and bias are down again today. We will have to wait and see if this selloff will stick today or if they will rally it back again before the day
The market rallied overnight but turned down immediately at the regular session opening at 8:30 AM CST. This may end up being a range day, but don’t be surprised if prices attempt
Just as expected, the CPI numbers came in higher than what the government was telling us to expect. Even worse, is they continually update previous announcements, and we always find out they