FOR WEDNESDAY: (9/14) We’re probably going to start choppy congestion triangle early as we’re 5 sessions out from the FOMC meeting. This makes trading more precarious since you have to get in and out very quickly, which has been the case anyway lately. At least the last of the Fed cheerleaders and detractors is over with the blackout period but the market is taking profits after Brainard’s dovish comments again did another hockey-puck save to Friday’s huge fall. Skittish behavior will require quick in and out movement to bank profit quickly.
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