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Tomorrow- Potential Polar Opposite
With the FOMC tomorrow, one thing is for sure. We will anticipate heightened volatility. Another is that we need to be on guard for some potential equal & opposites. The Treasuries started higher today but left a bearish structure. I like them short. The ES traded lower today but finished well. I like it higher. The Ag's were lower and finished well. I like them higher. The Dollar was higher today, but tomorrow I like it lower. Opposite for the Euro. Lower today means higher tomorrow. Also note that Gold is almost $100 higher from its last pivot low. It seems due a retracement. Careful in tomorrow's likely volatility.