Keylines: 2356.00 and 2343.00
Nat called for an unusually wide keyline area yesterday, setting up a market sentiment zone that contained all of the trading in both the overnight and the day sessions.
The price traded within that range without ever approaching her buy or sell levels.
That made it difficult for overnight traders to find an entry point. Subscribers to the trade room had a reasonable opportunity to get long after the day session opened but the entry was ambiguous.
The short trade from the top of Nat’s trading range was difficult, and not very profitable. In general, a difficult day to show a profit.
The Fed Open Market Committee minutes will be released this afternoon and they will surely move the price dramatically.