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ES Continues to (Mysteriously) Levitate Near its Highs After Yesterday's Strange Whipsaw...

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Aside from the behavior of ES (Emini S&P 500) since Carl Icahn's "Danger Ahead" video unveiled on Sept 20, down near 1880, the two other glaring landmarks on the enclosed chart are: 1) the Oct 15 WSJ article indicating that the Fed had plenty of sluggish data points and a weak international economy to back away from a rate hike during the remainder of 2016, and 2) yesterday's (Oct 28, 2015) Fed Policy Statement indicating that the Fed now has reasons to possibly hike rates at its mid-Dec

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