Category: Mid Day Charts
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Yellen is speaking on behalf of the Fed in Wyoming this morning, and that did create some volatility right around 9 AM CST this morning. At the moment, the price action is...
I see two possible channels this morning, and until we get a bit more price action, it will be difficult to determine which is the most important. The steeper channel (green channel)...
There is an FOMC announcement today at 1 PM CST, and if today is like most average FOMC type days, the market will not do much prior to the announcement. Generally you...
I delayed posting today’s chart with the hopes that something might happen to give us a better idea of the price action direction today, but that has still not happened. Today looks...
UPDATE: Now that we have a bit more price action to the down side, I see what appears to be a nice two tiered downward channel. A measured move down would give...
Today looks very rangy again so far, with prices swinging from one side of the EMA to the other. I do see a possible two tiered upward channel, but it’s so flat...
It has been down hill all the way today so far. Even though it felt like we had a lot of movement yesterday, the market basically closed unchanged for the day. The...
The trend continues to be us so far today. What started out as a strong move up in the over night has leveled off to a more manageable 45 degree trend at...
The market rallied strongly during the overnight after finding support just below the 1900.0 area. However, since the regular session opening at 8:30 AM CST, prices have been range bound. The 1910.0...
I was not feeling well this morning, so I came in a little late, thus the reason the mid day chart is a little later than usual. I figured I would not...