All of the averages have significant intraday negative divergences in them, they all look like they are ready to fall from here. If the FOMC meeting announcement wasn't tomorrow, I'd probably be adding to shorts here and now, that can be down and they can always be closed out if price moves above them.
The thing to remember is the FOMC and market's knee jerk effect.
First I wanted you to know about the market so you can make any choices yo might want to, I will follow up with charts as well as FOMC thoughts.
The FOMC would also make for a perfect catalyst , switching from a positive trend to a negative trend and doing so VERY quickly.
5 years ago
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