Here you will find the most recent trade update released today in the Market Dimensions Advisory. This update is showcasing a MDA SnapShot New Entry in the E-Mini S&P Market. To get these updates sent directly to your inbox, please subscribe for free.
Published 1/26/16 8:00 am central:
We saw further downside action in the overnight and hitting a low @ 1851.25. The market has since retraced back up near the 240 Min retracement level we see on the Market Action Scanner as well as the 240 Min MDA SnapShot chart. I am looking for us to hold the 1880.00 240 Bottom Box zone as resistance and have us take another run near the lows or the 1860 high volume area. The FOMC is meeting today and they have their announcement tomorrow at 1:00pm. As far as rumors go, it is being said that they are most likely not raising rates. So be prepared for some volatility heading into that announcement.
The MDA SnapShot was filled @ 1878.00 Short with a stop @ 1905.00. Below you will see the chart setups.
240 Min MDA SnapShot Chart:
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