Of course the futures are up. It's FOMC day!
Must make everyone feel better about debasement.
put this up last night. Color on 10year US T-note and some possible expectations.
also last night a pattern of an inverse cup and handle identified on this chart at around $49.42. It is lower this morning.
Gold had a cup and handle, for a breakout, and is currently working on a very long handle.
see Pic 3 for inverse applied to oil
pic 4 in cup & handle applied to Ag for breakout.
Just some trading patterns seen for many years. Sometimes they work..in metals they never seem to
Getting some love but it's dirty love imo.
Class
Asia had a dump down on pretty big volume.
Europe……no comment.
Look for kitty to fly on open due to the FOMC meeting that is starting.
My guess is it's up and remains there for the day.
Tread lightly.
Weds will see the, most likely, raising of rates followed by press conference. The actual meeting minutes get released early next year. They are always benign. Just a kabuki for us to digest.
The only way the FOMC will not raise rates will be because they 'feel' the recent volatility has given them 'concern'.
Every time the markets get a sniffle they fall over themselves trying to get the mechanics aligned to re-juice it up.
This meeting, based on past performances-because that is all it ever is-would normally see a pause. This is based on the drop in mkts WW since early Oct.
This time it IS different when they raise.
total agreement. just color on trading them. Not real for decades.
Futures have backed off to +135 or so right before open on DJI.
See how the kitty flies.
Every single desk-jockey(if they are smart) will be hitting the sell button into this imo.
on the Holder 'general douche-bag' meme. Sauce is buried on one of the older drives anon has. System is MacGyver'd now and that drive is ..well not responding for a few days now.
other anon is correct on 'schooling' choices.
See where this goes
don't think so as he has been on record as saying no more raises. In private anon believes POTUS would be all for them.