Although the overall market trend is down, it is doing so with a very choppy/oscillating manner. Today’s Fed announcement will make the market direction more evident. Any new positions added today require very compelling signals or pattern confirmation, either bullish or bearish, otherwise it will be more prudent to wait to see what the market reaction is after the fed announcement.
September 21st Daily Market Comments
Although the overall market trend is down, it is doing so with a very choppy/oscillating manner. Today’s Fed announcement will make the market direction more evident. Any new positions added today require very compelling signals or pattern confirmation, either bullish or bearish, otherwise it will be more prudent to wait to see what the market reaction is after the fed announcement.