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.
