Monday, September 19, 2011

Gapping Down to Begin the Week as FOMC Meeting Looms

Following positive gains for five consecutive days last week, the markets gap down significantly this morning. The negative sentiment follows similar action in global markets as all the major bourses are down to begin the week.

I like long entries around 1180 ES today.

The big event this week will be the 2-day FOMC meeting which begins tomorrow. Expect volatility. I will publish more detailed thoughts on this topic this evening.

No comments:

Post a Comment