This is an FOMC meeting week. It’s been 6 weeks since the last announcement and Bernanke’s press conference which started the global selloffs. So until Wednesday afternoon, the markets are in a cautious, wait mode. The Pending Home sales number was our best chance for some volatility this morning. The reaction was lackluster and the ES slowly fell into the DTG 77.75 level into lunchtime. I posted in chat the look for a long opportunity, but unfortunately I had to be away from my screens when today’s first opportunity unfolded. The ES did move up back up to the DTG 83.50 level where a short opportunity unfolded. However by this time of day (3:30pm EDT), I had personally stopped waiting on another trade opportunity. Thus, it was a day of no trades for me…
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