Boring lunch session. My guess is this pops above 40 by the Close, but may dip a bit lower first. Doesn't seem like a day where much will happen. Small sized long here around 18.
Personally, I figured we'd inch higher into FOMC. Maybe even rally. Doesn't seem like that will happen today, but I do like this last move off the lows. So far it's a range bound mess...
GM All: One trade for BE. Woke up this AM trading Sept, and I think the volume was so low, the algo stopped. Tracking this issue down. Trading Dec now, of course. I thought we used to switch over on Tuesday before the Thursday, but that was a while ago.
If we push past this 25 level with some momentum eventually - 50 seems possible. I have zero confidence in the short side today as I'm sure there's a bid below each and every level here today. Buying dips with low expectations.