1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday June 18, 2015
For 2015 I would like to wish all of you discipline and patience in your trading!
Wild day in the markets with FOMC anticipation and after.
I noticed wild moves across almost all markets. Bonds, stocks, metals, energies, currencies and even the grains had a little spike…..
My personal opinion is that experienced, disciplined traders can do well on these crazy volatile days and that newcomers should stay out but who knows…maybe the experience, disciplined traders choose to stay out right before and right after the report….would be a good survey question.
The day post FOMC is usually when one can tell the real direction of the markets, as larger institutions and traders digest the news and position themselves accordingly. I think we may see another volatile day tomorrow, so adjust accordingly.