Here is a chart of es. Bounced off $1490.00 and going lower, the question becomes is this support or resistance. I don't think that will be answered until after the rate cut and subsequent price action.
getting close to 68.50 ...yesterday overnite lo & rule of 10 X 3 in reverse......coincidently the 8/31 gap...all lining up for 10:30??
Ok getting long here 1473.25 with stop at 1471 (just below lod), target 1479 for about 3 to 1 r/r. Edit: Market will test where the home numbers came out. Once we test that number 1478-1479, I will then reverse my position and get short if I don't get stopped out first. Edit2: stop moved to 1473.50 (1 tick above) to pay for comm.
I hope the market is not going to pull yesterday action only in reverse. That is go down to negative 155 points and ... stay there for the whole session without any major movements.
Already out, at 10am est. Saxon this is the link I use for the economic calendar. You can sign up for a free account if you need one...I am signed in with a free account. http://www.marketwatch.com/news/economy/economic_calendar.asp
they already came out. AT 10:00am. I even posted the numbers here. Weren't you looking at your forexfactory.com? expected-2%, reported (at 10:00am) -12.2%
I came late to trading today. ( My receiver stopped working properly and had to be serviced).I saw the home sales #. Thanx for the info.