Cap's Trading Diary

[lowdawg]

Funny thing is fed news was nothing out of the ordinary. There was however whispers of a ½ point hike this round which didnt happen.

Bias was slightly downward for the day but futures indices were basically sideways leading in from what I remember.

I read an article a while back on S&P futures contract and their historical tendencies throughout the day on days of economic reports. LOL, most times since that read they've performed almost completely opposite.

"You could practically just take the two volatile bars out and the chart would look normal. The actual market direction didn't change at all until the beginning of the next day."

Yes, I was thinking of that as a temporary skew in the intraday chart. Actauualy wasn't that bad of a "whipsaw", was time enough to switch sides, I've seen much worse.

"Consumer Credit" - Monday 3pm fwiw

Always good talking at ya
-low