Anything can happen this afternoon, so be prepared. If you are in cash that may be the best position at this pivotal point.
SPX Daily Chart:
Wednesday, January 30, 2008
Ahead of the Fed
Taking a look at the daily chart of the S&P 500, we have put in a bottom (not sure if it's the real bottom) and have bounced back up to resistance at the downward channel trendline.
Anything can happen this afternoon, so be prepared. If you are in cash that may be the best position at this pivotal point.
SPX Daily Chart:
Anything can happen this afternoon, so be prepared. If you are in cash that may be the best position at this pivotal point.
SPX Daily Chart:
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1 comment:
The best position to be before a Fed announcement is to have a PLAN to take advantage of the VOLATILITY if you are a trader.
Fred
quin-indextrader.blogspot.com
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