Into the FOMC


S and P 500 futures, 10-day, 30-minute chart

The world’s eyes are on the Fed once again.  Last night, the S and P 500 futures traded to 1802, as predicted by the inverse Head and Shoulders traced above. Also note the close relationship between the Fibonacci retracement figures and the price and movement of the futures. All this elegance can well be trashed an hour from now when we learn the Fed’s near-term outlook and their policy decisions……


The Enterprise encounters and destroys the Doomsday Machine (1967)

Through some clever thinking and clear foresight, the crew of the Enterprise survives as it manages to destroy the Doomsday Machine . Sometimes, the trading game seems entirely and absurdly the same.

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