Good morning traders...
FOMC minutes are today at 2pm eastern, so again, I do not expect a lot of directional movement. We had more directional movement than I expected yesterday, but we ended up taking it all back at the close, due to earnings reports from some big companies.
It pretty much leaves us in the exact same place we were at the open yesterday, and I would expect to see more of what we saw overnight, than what we saw yesterday.
If we start to trend off the open, I would be careful chasing it into the FOMC minutes.
FOMC minutes are today at 2pm eastern, so again, I do not expect a lot of directional movement. We had more directional movement than I expected yesterday, but we ended up taking it all back at the close, due to earnings reports from some big companies.
It pretty much leaves us in the exact same place we were at the open yesterday, and I would expect to see more of what we saw overnight, than what we saw yesterday.
If we start to trend off the open, I would be careful chasing it into the FOMC minutes.