Looks like a breakout yesterday from FOMC and we are back down at the top of value.
If the market stays status quo, which is what I expect, I would expect us to tag the bottom of value from this area.
Bottom of value is 3031 area. It's only 10 points away so not the most exciting trade in the world, but remember, we are in balance for the last 4 days.
Tomorrow will be interesting as it is Non Farm Employment change. I expect to see some fireworks.
I will be travelign tomorrow so there will be no morning ideas.
If the market stays status quo, which is what I expect, I would expect us to tag the bottom of value from this area.
Bottom of value is 3031 area. It's only 10 points away so not the most exciting trade in the world, but remember, we are in balance for the last 4 days.
Tomorrow will be interesting as it is Non Farm Employment change. I expect to see some fireworks.
I will be travelign tomorrow so there will be no morning ideas.