Usually you don't see this kind of late selling right ahead of the FOMC meeting, so I don't know how to read the current action. It feels like we need a flush lower before going higher. I can't picture us going straight up after the FOMC announcement. Another scenario, very unlikely unless we are super weak, is that we selloff all day after the annoucement. I will play it as the first move lower second move higher type of day.
so are you flat or long?
ReplyDeleteflat.
ReplyDeleteNice call today.
ReplyDeleteLONG ATHX @ 2.55
OL DAWG