3 points on ES and 238 points on YM, first trading day in green/ General plan is to short in 1H then long. FOMC Minutes and NFP this week will shake the market, more downside risk than up. Happy trading.
Right now we have a day and a half until Santa Rally would be over. Will we rally from here into tomorrow's closing? We'll see, but if not, that will make 4 years in a row that there has been no Santa Rally.
We almost took out Friday's cash low. We'll get another chance at it. Heading out for 19----Talk soon.
I think we've just put in the bottom for the day. Whether we actually reverse and head up from here or merely chop till we drop is anyone's guess. I'll leave it at that.
Do FOMC minutes carry much weight? I thought it was just a regurgitation of what they've done in the recent FOMC rate action.