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Post# of 79025
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bbgold

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Re: spdpro post# 59715

Tuesday, 12/13/2011 11:49:24 AM

Tuesday, December 13, 2011 11:49:24 AM

Post# of 79025
Still thinking ramp into FOMC
Seems to be the only pull the Market has with the Euro dropping.
My anticipation would be a spike on the report and then a big selloff, possibly mirror the Euro drop.
Only other indication for upside here would be if the Euro is putting in an exhaustion move to downside and the Markets are trying to trade ahead of a bounce?
There might also be some speculation the FOMC actually announces something worthwhile?
Was looking at adding SPXU in the am but didn't execute it.
Any spike high on FOMC I will look to add again. For now 14 is resistance for SPXU and Markets finding slightly higher support is offering Long buyers some motivation. Whether that motivation changes on the FOMC announce we will have to see.

Good Luck to All! :^)

PLAN the TRADE and TRADE the PLAN!


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