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Had a good rally after the FOMC did nothing.
That "new" information should be about assimilated.
Retraced 50% of last down move. Resistance at 168-20 to 169-25
Target back to Vwap ; 50% retrace and former resistance at 166-10 to 17 ; and lower median
We'll likely finish the week somewhere above Y Low and below LM Low.
Id like to see LM Lows trade as that would pretty much finish the rotation from the Monthly DVAL > DVAH. As another bullish sign it'd be great to see the market close today above LW Highs
1) If we sell off first down to LW Highs/Y Lows, perhaps we'll see a later rally up to LM Lows
2) If prices start climbing early we could see sellers come in and hold the market under LM Lows and a late day sell off.
Compared to good moves in CL and Indexes; very small move for ZB
Did pin at 168 Resistance at 168-20 to 169-25
Target back tolast week's Vwap ; 50% retrace and former resistance at 166-10 to 17 ; and lower median
Managed to get to W R2 and UVwap.
and back to W Vwap
Possible targets Mid W Vwap 167-26 ; 50% retrace and W PP 167-6
Rates are not going up this week but they probably are not going to fall further
