Another day in the trading range. This is getting old fast but we would be willing to bet this up and down action is leading to a crescendo event with the market breaking into a strong move. The direction of the move is yet unclear, but it will likely be determined by tomorrow’s Fed announcement. Volume was very weak today in front of the Fed meeting indicating we were correct when we stated that institutions would remain sidelined until this big unknown is unveiled.
Posted by srsfinance
at 2:48 AM EDT
