THE FED U-TURN

As you may have heard me say, typically a few days after a FED announcement, the market does a U-turn. We want to lay a little low right now. There are a ton of bullish descending Wedges setting up in all of the Ultrashort ETF's-Bearish for the market, but we need confirmation first.

Tonight I threw out some Ultra ETFs and several are currency which tend to trend very well, so they are longer term trends-look at them with 5 day charts.

When we get a reversal, which I still strongly believe we'll get, we have a lot of potential targets that look very high probability.

Make sure you read the notes tonight and see if they are limit trades.