{"id":11654,"date":"2016-09-20T12:16:09","date_gmt":"2016-09-20T20:16:09","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=11654"},"modified":"2016-09-21T22:24:38","modified_gmt":"2016-09-22T06:24:38","slug":"fomc-sept-21-2016","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/fomc-sept-21-2016\/","title":{"rendered":"FOMC on Sept. 21 2016"},"content":{"rendered":"

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1. Market Commentary<\/a><\/strong>
\n2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index<\/a><\/strong>
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\n5. Futures Economic Reports for Wednesday\u00a0September 21, 20<\/a><\/strong>16<\/strong><\/a><\/p>\n

Greetings!<\/p>\n

Two things today….
\nThe first, from The New York Times, an interesting read…..:<\/p>\n

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‘Trust Your Gut’ Might Actually Be Profitable Advice on Wall Street, Study Says<\/p>\n

A study published on Monday in Scientific Reports suggests that high-frequency traders who were more sensitive to their bodies made more profitable trades.<\/p>\n

http:\/\/www.nytimes.com\/2016\/09\/20\/business\/dealbook\/trust-your-gut-might-actually-be-profitable-advice-on-wall-street-study-says.html<\/a><\/p>\n

The second, tomorrow is an anticipated FOMC meeting.<\/p>\n

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Be careful.<\/strong><\/p>\n

The FOMC interest rate decision is due at 2:15 ET in the US tomorrow as well as Crude Oil Inventories.<\/p>\n

FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.<\/p>\n

if you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market.<\/p>\n

The following are suggestions on trading during FOMC days:<\/p>\n<\/div>\n