7:37am: gap down and filled in the gap. Market is neutral now. ES: bounced back up from the support level. It should penetrate 840 some time later. CPC is rising, TRIN is still quite high. Crude oil is down, dollar is pulling back a bit.
eur/usd: kiss back to the breakout level and possibly go higher.
7:58am: price up with rising CPC. See how it goes around the EMA50.
8:23am: XLF is weak. market is consolidating around EMA50.
8:31am: market breadth is weakening.
9:53am: consolidation on 5-min chart.
EOD: the market dropped down a little bit as expected. The lower edge of the ascending channel has been tested five times, now the question is whether it will hold the uptrend again? Let’s see how the market responses to FOMC meeting.
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