All eyes on the Economic Symposium which is held at Jackson Hole and attended by central bankers, finance ministers, academics, and financial market participants from around the world. Comments and speeches from central bankers and other influential officials can create significant market volatility. We will watch for some rapid market reactions, hence trade carefully as Federal Reserve Chair Jannet Yellen is set to speak around . As head of the Fed, which controls short term interest rates, she has more influence over the U.S. dollar’s value than any other person. Traders closely watch her speeches as they are often used to drop hints regarding future monetary policy.
Her comments may determine a short-term positive or negative trend.
Schooled in the short run, central banks struggle with a long-term role
Schooled in economic thinking that confines monetary policy to the short run, central bankers gathering in Jackson Hole, Wyoming, are grappling with a singular change: whether they can take over as guardians of long-term growth with programs that may stay in place and influence markets for decades to come.
- Intraday ES:240m FL OB, 60m Bull, VV AD = a strong 2.48
- Daily Trend BearRev: The net trend should be sideways to down over the next few trading days
- Weekly Trend Bear: A multi-week high is overdue.
$ES_F 60 Minutes Chart
Conclusion: With VV AD and 60m Bull expecting move up to black 2 or B
There were four markets with 8 daily DTosc BearRevs in the upper ½ of their oscillators ranges yesterday: $IWF, $XLV, $TJX, $HD, these are all shorting candidates with a trade below yesterday’s lows – Check Room for Details.
Initial 5 minutes Charts were Pointing UP – Start of the day posted on our Facebook Page Group and Chat ROOM
Worth Noting that a trader in our premium room has spotted a large size buy order in $SPY calls, hence the prediction of a market will rally to 219. A few Calls were bought yesterday (Thursday August 25, 2016) in room with stop at yesterdays Low, target will be taken at Today’s Spike – THIS WAS A SHORT TERM TRADE, which looks like will be a 100% winner this morning at the time of writing this post.
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See you in the chat room
Thanks
-IKE
