For Wednesday:
Fed Announcement Day - the market has been driven higher by the expectation of a rate cut - I would expect to see a .25 basis point cut. The market will rally higher, but a sharp down move may be the initial reaction off the news and then the rally will come -
After the Fed announcement, I will be holding Market Profile Training. I will be covering the basics of the profile in an hour-long presentation that will teach you how to find value in the market and identify great trade location.
When: 3:30 pm Central time, Wednesday, 30 Jan -
Where: the TradeMaven online Chat Room www.trademaven.omnovia.com/tmaven
no password will be needed.
Upcoming Reports:
Wednesday:
MBA Purchase Applications 7:00 ET
ADP Employment Report 8:15 ET
FOMC Announcement 2:15 ET
Thursday:
Personal Income and Outlays 8:30 ET
Jobless Claims 8:30 ET
Friday:
Employment Situation 8:30 ET
ISM Mfg Index 10:00 ET
Construction Spending 10:00 ET
Consumer Sentiment 10:00 ET
From the TradeMaven Software, Volume Weighted Pivot Support and Resistance for Wednesday Jan 30th
What is Inside Edge?
A comprehensive trader’s education forum focused on e-Mini S&Ps and U.S. Treasury Bond Futures. TradeMaven’s Inside Edge features the necessary analytics and execution information in one place to speed up your decision process, keep you on the right side of the market, and eliminate so much of the noise that surrounds trading today. This unique forum is the brainchild of Charles Cochran – a trading pro who has spent the last 15 years fine-tuning a proven methodology that eliminates extraneous information and concentrates on the market activity that matters: the market activity that foretells the market's next move.
