Morning folks. Futures looking at a slight gap down to flat open.  This is typical on a fed day.  We have had a big run past 6 days to the top of the range. When we tapped that 50dma we had a pretty big thrust down as traders took the chips off the table.  We have a fed day today which is traditionally a very hard day to trade.  Keep a lot of powder dry as these days can spark big moves and you want to have a lot of cash to play them once we get confirmation of which direction we play.



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