Traderfy Trend Premarket Overview for Sept 15, 2015

Welcome to the Traderfy Trend Premarket Overview for Sept 15, 2015 and Day 2 of the FOMC waiting game.

E-Mini S&P500 – $ES_F

The simple fact this week is that the markets are playing a waiting game on Thursday’s FOMC interest rate announcements. Arguments are being made that rates will be lifted in September, while others are becoming more convinced that said interest rate changes will happen in December. Honestly, as a “do what the market is doing” type of trader, my job is to not overthink things. As we can see from the Traderfy Trend Premarket Overview Video, following the trend moves is being made more difficult this week. The $ES_F is forming an early morning wedge, has shown support for two days at the 1935 handle. Technically it meets the criteria for being in a “down trend” but I expect that to be more fluid than usual.

Bond Futures – $ZB_F

As of this posting, Bond Futures are in an “up trend” however, our offset line shows that we are approaching an important time point in the next two 15 minute candles. It would be reasonable to bonds to be lacking of trend as we await FOMC news.

Crude Oil Futures – $CL_F

This morning we find Crude Oil Futures giving a mixed signal as a bit of bullishness has appeared.  In this morning’s video we document important level to watch for along with an aggressive and conservative method for defining whether or not $CL_F is in an uptrend.

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