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The FED Pays Again.
Helicopter Ben has been delayed in delivering the FOMC Rate Announcement since Day 1. Most traders have become acclimated to his style of getting things done: (better late than never). On Wednesday, November 4th, however, he was exceptionally late and the market pivoted around the 1051.00 area on the E-mini S&P Futures while waiting patiently for the news: RATES UNCHANGED.
Initially the market ran higher, creating a buy that we capitalized on with a long position in the E-mini S&P futures...and then it turned into a sell that banked our online Foundations Class 100 DOW POINTS!
Click HERE to Read View Video Links from the Fed Day Action.
Trade to Win,
Jeanette Sims
sims@dtitrader.com
800.745.7444
Past performance is not indicative of future results.