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Red Dragon Leo |
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ES Morning Update March 15th 2016 Posted: 15 Mar 2016 06:02 AM PDT
Since today is Tuesday and the market is still waiting for the FOMC tomorrow the market will likely chop around again today with light volume. I’m not expecting an clear directional trades today as it could turn up anytime without dropping to the rising trendline around 1990, or go up early for some small 5-8 point B wave and back down later for the C wave into that rising support line. For me, it’s not work trying to play. I’ll wait for the tag of the January 2nd level after the FOMC meeting or the day afterwards before shorting. |
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