Fed meeting is coming out. Watch out for some volitility arond 2-2:15 as everyone starts to position themselves. If you see a fall off in volume on the trading DOM you might want to stand a side and let it play through.
Day trading the S&P 500 emini futures,
looking at levels of support and resistance. We have been making our way down and breaking the levels of support slowly.
The S&P 500 emini futures are still being held between the two points of control for the intraday trading charts. We are looking for a bit more volume to take us out of the narrow range trading channel.
Unemployment news will be out at 8:30 and at 10:00 we have industrial orders. It seems we are in a mid term rally that is stalling out. I was looking for highs around 765 but it seems that the resistance (Ceiling) is close to being set.
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