NASDAQ futures are coming into Wednesday flat after an overnight session featuring elevated range on elevated volume. Price sprung higher in the initial hours of Globex, propelled by strong-as-ever earnings from the world’s largest company, Apple. Then we came into balance, hovering inside last Friday’s range. At 8:15am ADP employment data came out better than expected.
Also on the economic agenda today we have crude oil inventories at 10:30am and an FOMC rate decision at 2pm. The gambling halls down in Chicago are currently placing a 94.3% probability that the Fed will leave their benchmark borrowing rate unchanged.
Yesterday we printed a double distribution up. The day began gap down and with an attempt lower. Responsive buyers quickly stepped in and closed the gap. Then we traded sideways while the rest of the market sold off. Just after New York lunch a rally started to materialize, and we rallied clean through end-of-day and into Apple earnings.
Heading into today my primary expectation is for sellers to push down to 6666 before two way trade ensues ahead of FOMC rate decision. Use third reaction analysis after the decision to determine direction into end-of-day.
Hypo 2 buyer work up through overnight high 6740 setting up a move to target 6757.25 before two way trade ensues ahead of FOMC rate decision. Use third reaction analysis after the decision to determine direction into end-of-day.
Hypo 3 stronger buyers work up and close the open gap at 6777 before two way trade ensues ahead of FOMC rate decision. Use third reaction analysis after the decision to determine direction into end-of-day.
Levels:
Volume profiles, gaps, and measured moves:
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Your projection right to the point, 6666.
Great job!
Yeah it worked out well Yong, I work diligently tobhavw the best levels in the industry. Makes consistent profitability much more attainable. Thanks for stopping by.
here is the holder!
buy and hold at least two years.
aka metacurrency project, pre-bitcoin
the new internet is called holo
https://vimeo.com/31164740
http://holohackers.org/
https://www.youtube.com/watch?v=-jqdcQLf-DM
https://www.youtube.com/watch?v=hyCtYrHJebs
https://holo.host/wp-content/uploads/2017/10/Holo-logo_Final-NEW-BLUE.png
https://www.youtube.com/watch?v=u3Qcx98XqII
this project makes bitcoin and blockchain obsolete.
$HOT sell target $10