SCHEDULED NEWS
Good morning, everyone. Today is Thursday, September 18th, and the Fed has done it again.
Yesterday's FOMC announcement gave us a fairly positive outlook, and our plans played out more than perfect. The resulting volatility has led to the indices gapping up over 1% overnight. However, we have big red-tag Unemployment numbers coming in at 8:30 AM ET. Even though we've gapped up, we shouldn't take this bullish run for granted. Yesterday's moves wiped out many of our important untested levels, leaving a lot of tested structure below us, which is not good if this market decides to sell off. Let's get right into the levels.
A Note on Contract Rollover
I have not rolled over yet. I am still trading the September (U) contract. I will not be rolling over into the December (Z) contract until this coming Sunday for the Weekend Review.
