Replies to post #4267 on Boca_Bobby Basics

[pennies2007]

S&P Hourly Chart

Morning Boca! I'm all in cash again now after that nice pop on AU last night. Booked almost a grand profit yesterday. With all the news coming out today, I think I'm gonna sit on the sidelines and wait till the dust settles.

Here's what I'm watching on the S&P. Nice channel formed. A break above 1415 will seal the deal on a bull run. Can't rule out one more low coming though just below 1400 around 1390. If it does though, it'll probably be fast and furious and then bounce hard from there.

First image is S&P and second is news for the day. Red flags mean we sit on our hands in the currency market...LOL!