DanGramza

Expecting inside day in S&P 500

Long
CME_MINI:ES1!   S&P 500 E-mini Futures
I expected follow through to the upside in the S&P 500 on Tuesday. Instead we had a jittery market break down to new lows with the Fed comments of reevaluating the speed of tapering. My feeling is the Fed will not change any of its current policies until after the 1st of the year. My expectation pricewise for Wednesday is an inside day of Tuesdays range as the market stops to absorb what's happened over the last couple days before we see directional moves in the latter part of the week.
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