Disliked...--> The verdict seems to be out and markets aligning to complete the first HIKE leg in equities for the play 2020.xx -> 1790.xx with 1985.x as flip level before forming a long term base for the "BUY & HOLD" play once FED normalisation is finished. Eyes on 1985.xx [in play] for the next few sessions.Ignored
QuoteDisliked--> However and more important for today is OIL. All eyes on the $49.xx handle (49.7/9x ...)[check]. For the first time in nearly 8 weeks there is a tradable area...
QuoteDisliked--> On the euro, the never-ending 1.127x [in play] keeps providing extensive chop but the compression range (8 weeks) looks unsustainable for much longer. Technically short term I have imminent alerts break out to the top side (short term swing for a test of highs and beyond).
The board looks 'al dente' for the first leg of the Quarter with the FOMC minutes [in play]as a clear catalyst for the last...
...and that was it for the positioning this week....
As widely expected since Monday S&P sitting on shooting range of key 1985.xx, Oil lost the $49.xx handle intraday and Euro tested the the top of the compress range and quickly back down to the key 1.127x for today Fomc minutes.
Not much to see or do here. The opening range will kill the session until the Minutes...
sisse
Pending conversations? PM for a chat...I am mainly in OTM now