Wednesday, February 19, 2014
Today we so a big move upwards to $184.95 and gradually went down before the #FOMC which then took a bearish turn to LOD of 182.87. We always need to find pivot points and where the market is going. I advise people to either go long above 185 or short from 183.59. The puts options from 183.59 to 182.90 was a perfect example. Tomorrow we will see if the bulls will try to regain their price range or if the bears will continue to make it go lower. The FED was not certain enough with DATA because of the weather conditions and so forth, when the FED or anyone else is not certain, its easier to take profits then to be a buyer.
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