ES - 15Min Falling Wedge - 4400 holds or it's 4350s-4380s
Globex Sessions are always and without exception, Sketchy.
We are approaching an important juncture ahead of Wednesday's FOMC.
We have a prior pattern of Consolidation which aligns with the end of the
First week of October and early into the Second Week,
This is likley where we will see the return to trend into a 7/7, 9/9 or
perhaps with the 400SMAs being tested - 13/13.
No sense in chasing it either way, as there will be a trap, a sizeable one.
It will be dependent on Coupons once again as $12.147 Billion created a
large squeeze.
Fed Open Market Operations can be observed @ the NYFED, the schedule for
Reverse Repurchase, TOMO, POMO actions including Sec LNDs and CP's are
updated as they were two days ago.
Lull's in Coupon Purchsases followed by larger CP's is an indicator.
We use this Data, as it correlates well.
This Chart is for Retracement purposes, the prior Post illustrates the 4Hr Lower
Price Objectives.
We are approaching an important juncture ahead of Wednesday's FOMC.
We have a prior pattern of Consolidation which aligns with the end of the
First week of October and early into the Second Week,
This is likley where we will see the return to trend into a 7/7, 9/9 or
perhaps with the 400SMAs being tested - 13/13.
No sense in chasing it either way, as there will be a trap, a sizeable one.
It will be dependent on Coupons once again as $12.147 Billion created a
large squeeze.
Fed Open Market Operations can be observed @ the NYFED, the schedule for
Reverse Repurchase, TOMO, POMO actions including Sec LNDs and CP's are
updated as they were two days ago.
Lull's in Coupon Purchsases followed by larger CP's is an indicator.
We use this Data, as it correlates well.
This Chart is for Retracement purposes, the prior Post illustrates the 4Hr Lower
Price Objectives.