Here is my journal from 26th June:

As if having the Fed announcement wasn't enough for the rest of this week we have the existing home sales at 10am today hehe. It is the only important news for the day so once it is out of the way I suspect we can get into arranging ourselves after the Fed announcement.

The overnight market has seen a sharp decline which could be the decision made by the market after yesterdays news. I won't place a bias on what I have seen in the...

jasont

Here are the zones I'm looking at for 26th June:

Resistance

1326-1327
1336.50-1337.75
1342-1343
1348.50-1349.75


Support

1317.75-1316.5
1308-1306.75
1295.50-1294.25
1289.25-1289.75

My Outlook

I'm going to refrain from keeping a bias at the moment. Yesterday saw some intriguing action after the rate announcement. From what we saw it's hard for me to interpret...

jasont

Here is my journal from 25th June:

Big Fed Day! The announcement on rates won't affect me directly in the morning but I suspect we will see hesitation to make any major moves prior to the announcement. We do have the new home sales numbers at 10am so that will be a caution point in the morning. Again I wouldn't suspect a big move around that time but I won't rule it out.

The overnight market has seen a rise and we will open with a gap possibly around 7 points. If it...

jasont

Here is the zones I'm looking at for 25th June:

Resistance

1316.5-1317.75
1327.25-1328
1332.25-1333.25
1342-1343

Support

1308-1306.75
1295.50-1294.25
1289.25-1289.75
1283.50-1284

My Outlook

The size of the moves yesterday surprised me but the end result was similar to what I was expecting. Today is going to be decision day and I think everyone knows it. I'm not going...

jasont

Here is my journal from 24th June:

We have the Consumer Confidence numbers at 10am today so it will be important to be cautious around that time. It will no doubt give a bit of guidance to the market on what the Fed might do tomorrow. We have seen a reasonable decline from the market overnight which puts us at a gap down. It looks like it may be less than 6 points so there is a possible trade for my simulation. The overnight market has found some support at 1307-1308 which is near...

jasont