Watch for Price Action the Day After FOMC, September 22nd 2010
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
FOMC is behind us. Mixed reaction from the market and many times the real direction will show the next day, so tomorrows price action is important to watch. My indicators suggest that as long as we can hold the 1115 level, we still have a shot at more upside move. However a break below 1115 on mini SP along with continued upside in bond market may suggest temporary top. Time and price will tell.
FUTURES TRADING LEVELS
This Week’s Calendar from Econoday.Com
All reports are EST time
Another great source for economic reports around the globe with “report importance indicator” at: http://www.forexfactory.com/calendar.php
Wednesday, September 22nd 2010 – http://mam.econoday.com/byweek.asp?cust=mam
- MBA Purchase Applications
7:00 AM ET
- FHFA House Price Index
10:00 AM ET
- EIA Petroleum Status Report
10:30 AM ET
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