Tuesday, June 21, 2011

FOMC day, part 1

Today is the 1st day of a 2 day FOMC meeting.

There is a bullish tendency into the meeting, and it appears we started to see the bounce yesterday.

It may be a dull day, and if so, remember to protect first, worry about trading second.

We are getting a gap above 4 points, so I will be watching for a fade, but if it dries up volume wise after 10, Ill be sitting on my hands

Have a great trading day

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