Traderfy Trend Premarket Overview

Welcome to the Traderfy Trend Premarket Overview for Sept 17, 2015.  The day is finally here where the speculation, conjecture and outright guessing ends. Today the Janet Yellen FOMC releases their decision on the setting of interest rates. As a trader, I am less concerned about what action the FOMC takes than I am about what actions I take when the news comes out. Be sure, caution and patience will guide my day.

E-mini S&P Futures – $ES_F

The $EX_F is holding up well in this morning’s premarket. As shown in the video below, however, there are slightly mixed trend signals regarding what to expect from here. The more conservative 200 SMA method is clearly showing a continued uptrend while our offset line is dictating that a new down trend has started. It seems the perfect combination of contradiction to match the FOMC guessing game.

Bond Futures – $ZB_F

Two days of strong down trend are transitioning into a more flat-line trend into this morning’s trading. It is reasonable to expect stretches of choppy trades today and so far the $ZB_F has met that expectation. Taking the more conservative route today, I put bond futures in the down trend camp.

Crude Oil Futures – $CL_F

Crude is showing itself to be in an uptrend above the 200 SMA while the offset line is communicating a bit of a pause. Watch the premarket overview video below for more details.

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