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Posted by Peter Davies on September 26, 2016

S&P Daily Pre-Market Prep 9/26/16

On Friday we had

Quoting 
low expectation day, no strong bias but would expect us to see the other side of the range now we are chopping around

And it did chop around but we've now...

Posted by TopstepTrader on September 23, 2016

Iran vs. Saudi Arabia

Iran now controls the future of the oil market. Earlier today, Reuters reported that Saudi Arabia has offered to cut production if Iran caps its own output this year, citing three sources familiar...

Posted by Peter Davies on September 23, 2016

S&P Daily Pre-Market Prep 9/23/16

Up into the old range and yesterday it really thickened up and we had a really choppy day. Not a great shock considering previous action in this area.So today, I'm looking for a choppy travel to 84...

Posted by TopstepTrader on September 22, 2016

TopstepTrader's FOMC Analysis

"...the case for an increase in the federal funds rate has strengthened." -Janet Yellen, Chair, Federal Reserve Bank of the United States

These were the most important words in Wednesday’s...

Posted by Peter Davies on September 22, 2016

S&P Daily Pre-Market Prep 9/22/16

The FOMC 'pop' took us to within 5 ticks of the summer range . We are back in it now, but only in overnight trade, so first order of the day is to see if we can work our way to the other side...
Posted by Peter Davies on September 21, 2016

S&P Daily Pre-Market Prep 9/21/16

Narrowing range, reducing volume into FOMC.There's not much point in making a plan today because...1 - It'll very likely be quiet and directionless before the FOMC2 - What happens after the FOMC...
Posted by Peter Davies on September 20, 2016

S&P Daily Pre-Market Prep 9/20/16

FOMC day tomorrow, so traditionally a slow day. Still, we've had FOMC mornings that have been wild for no good reason, so we may see a move.We are still in the middle of the range, still...

Posted by Peter Davies on September 19, 2016

S&P Daily Pre-Market Prep 9/19/16

Since the breakdown on Friday the 9th, we've been trading in a range. We still have the old range above us at 2158.75 and the old highs at 2100 below. From that perspective, we have to look at the...

Posted by Peter Davies on September 15, 2016

S&P Daily Pre-Market Prep 9/15/16

Still between a rock and a hard place. We are channeling down but I'm still completely neutral on which way this will go in the end. We still have the old highs below us (making this just a potential...

Posted by Peter Davies on September 14, 2016

S&P Daily Pre-Market Prep 9/14/16

A very indecisive market. As per yesterday, I think it's about the range (2158.75) above and the 2100 below. We are narrowing slightly, so we have to be wary that we may range in this area. Still,...

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