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Author name: Japhy

Trend Down Day Dec 3rd

Futures in premarket shrugged off the down move of yesterday, particularly NQ100 futures which retraced within ticks of all time highs. The important news item of the day occurred in premarket session with rate announcements by Draghi of the ECB, announcing another rate cut in overnight repo rates and a minimum 6 month extension in […]

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Trend up on FOMC Minutes

Overnight support held and futures made progress all the way up to FOMC minutes release at 2pm, which allowed only a shallow pullback, then a strong bullish rally to finish the session on highs for all 4 major indices. Dollar weighted buying pressure strengthened all day, and out version of the intraday McClellan was high

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