Hi Traders/Investors, After fed speech, people start to short and go long…at the end of the day, for my self…I’m still 50/50 for direction, and worry about head-fake.

60min ES Chart:

this chart was mad to show you important resistance&support. Also, you can see both party are fighting for 200MA, and so far, no one winning. Is 50/50;at the end of this day, we close on 200MA.

Volume side..also, I din’t really see any one really winning, and from both side we are hitting news highs.

One thing, that can give advantage to Sellers, is, buyers fail to go back to the double top by few ticks.

Dailly Chart of ES:

Here we can see, both party are even. depending how you count, They both have prices failure by 10 to 15 points.

Volume Was not that great at the end of this day…but I’m looking to see a big spike by Friday.

Everyone are waiting to see results of Job,Payroll&Unemployment rate to decide of futures direction.

ES480min:

Here I’m showing you why for me, last pick down, was not a break out. 

If you look on Black Trend Line, we can see Buyers are still in control so far, by don’t let sellers pass this trend line.  And it may pass, but it need to close under black trend line with highs volume.

Short target: are new.

Long target: still ~1711.00

One more reason, why I’m still 50/50…

On US$, we can see how 2nd Shoulders is at the 200MA, testing, and both,sellers and buyers are fighting to control.

So far, sellers won, but  not with high commitment, since both party have equal unsupported price.

This shoulders may work, may not…the good news, by the end of Friday, we will got or direction.

This look very exiting, but I have to stay away. If you pick the righ direction, your rewards will be amazing and can be for long time. If you don’t….Learn How To Trade!