That last hour of trading was something else it’s almost like everyone at once remembered PPI tomorrow. We had low volume today even though we broke 400 for a little bit the real attention is pre-market tomorrow. Lots of FED talk this week today they all sounded the same sticking to the plan of 50bps in December which was the plan the whole time, it’s not a pivot point. 394 and 390 are key areas to watch. When you pull the fibs from 431 high to low 348 we bounced off the .618 today which would make the move down a lot easier if the PPI data is bad if not it can turn easily and head to .786 which is around 413 range. After tomorrow morning it should clear where we are headed for the rest of the week. Keeping it short today thanks for stopping by
As always trade what’s in front of you good luck
As always trade what’s in front of you good luck
