The Fed notes are being talked about quite a bit today as they may show the Fed is ready to stop. My understanding of what the Fed has said is that they are not yet ready to stop raising rates. When this type of news is ready to hit the market you have to ask yourself where the risk is. Technically the risk is to the downside from here and all that is needed is an excuse to take profits. I'd be wary in front of such news.
The Daily Dose of Trading Comments
Here you'll find short quips concerning the market mood and direction posted intra-day as the market dictates and time allows. You can find TATs strategy here. Comments here are from a trader who trades for a living.
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