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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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Stealth Trend Day Nov 16

Futures dipped lower on open of the SUnday night session, with ES (S&P500 mini futures contract) dipping below the important 2000 level but only briefly, which struck major support, and the bottom was in for the evening session, never being retested. Opening action saw a lot of chop and sideways movement, directionless trade but a …

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