Red Dragon Leo

h1 a:hover {background-color:#888;color:#fff ! important;} div#emailbody table#itemcontentlist tr td div ul { list-style-type:square; padding-left:1em; } div#emailbody table#itemcontentlist tr td div blockquote { padding-left:6px; border-left: 6px solid #dadada; margin-left:1em; } div#emailbody table#itemcontentlist tr td div li { margin-bottom:1em; margin-left:1em; } table#itemcontentlist tr td a:link, table#itemcontentlist tr td a:visited, table#itemcontentlist tr td a:active, ul#summarylist li a { color:#000099; font-weight:bold; text-decoration:none; } img {border:none;}

Red Dragon Leo

Link to Red Dragon Leo – Stock Market Trading on the Darkside

ES Morning Update April 27th 2016

Posted: 27 Apr 2016 06:01 AM PDT

35bccb90-aa02-4441-9292-305f62e96774

Same as yesterday… just riding the trendline sideways

No clue here in the MACD’s as they are flatlined on most all time frames

Not much to say that wasn’t said yesterday.  The market is waiting on the FOMC meeting today at 2pm EST.  I’d expect some wild swings around that time as that’s what usually happens.  Overall, I’m still looking south for the next big move but that doesn’t mean that they can’t squeeze it up some today in a shakeout move to fool the bulls into going long and the bears back to sleep.  Regardless, I’m expecting the next 1-2 months to be down.

via Blogger http://ift.tt/237h7O1

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s