Wednesday, May 1, 2013

Here Comes the IWM

I told you the IWM leads, it led to the downside, it didn't lead the earlier bounce, but it looks like it's coming now. I'm going to switch layouts quickly, but there's nothing strong or positive building in the market, at best short term there's some smaller moves that look like they are meant to drift the market in this area. The F_O_M_C is at 2 p.m., strangely there's no post announcement press conference. I'm not going to read in to that, but I think it could create a lot of volatility as the market does not like to be unsure and not have its questions answered.


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