Monday, November 1, 2010

S&P500 day trading course big week FOMC

S&P500 day trading course looking for a big week with voting, employment numbers and the Fed.  Some volatility entering the market. For the much hyped and anticipated FOMC meeting, it is universally expected that Fed members will keep rates at their ultra-loose level of 0.00 - 0.25 %. The key issue will be the initial size and subsequent increments of the Fed's 2nd round of quantitative easing (QE2). We are looking for an initial injection of asset purchases around the $500 bn level or something along the lines of $100 bn/month with a comment stating that the Fed will adjust accordingly to future US data. While additional increments of QE might be determined on a dynamic basis, based principally on inflation data, it will nevertheless push inflation higher. We suspect that these figures are very near consensus (hard to gauge) and deviation could instigate a USD reaction. In this case will the S&P500 move with or against the EURUSD pricing? USD positioning seems to point to the market being short USD - so a less-than-expected QE2 injection could spark a decent short squeeze and subsequent rally to the S&P500 emini futures. [caption id="attachment_3362" align="alignleft" width="262" caption="S&P500 day trading course "]S&P500 day trading course [/caption] The market today has a Point of Control 1185.25  with first support at 1180.25 then 1177.25 and low side target of 1168.50. We are seeing multiple attempts on 1193 and have been consolidating in a ten point range.  If we  break through this short term high, probably on the news or some other outside event as mentioned above, looking for resistanc [...]

S&P 500 day trading course

Day trading S&P 500 emini futures live trading room and day trading course's Fan Box