Today is Wednesday, and we reached another large daily turning point call for +49 S&P points within one tick.

We reached the next target area that I called after the upside target had been reached. We got to 1129 after calling for a rally when we were in the 1050 area with confirmation at 1073. I called for 1122 minimum with the average price 1132. We hit the 1129 as mentioned and then called for another reversal to 1080. Today we hit 1080.25 and moved up 11 S&P points just after that. That was a 49 point move and coming within one tick.  Another two big calls back to back.

Today the Sentiment numbers came out and they actually did not go down to the the trigger point that I was looking for. Again, it drags on and actually shifted back up a few percent to 41.1 % bullish, from 37%. This is not yet a signal for the big move that would surely come after such a signal would produce when given.

Currently I have no move that I see in the large time frames. I will need a day or so to see how the market finishes this move. There could be more to the downside, but just holding on making any new daily market call right now.

I am traveling in the San Francisco Bay Area for the rest of the week and did not trade today. I had a good excuse with the Fed Decision on interest rates today. There is really nothing wrong with not trading on a day like today.

I do have a chart of the last few hours of the day, showing the action after the fed decision. It was not a very spectacular Fed day, but, I did see some indecision in the charts as there was a choppiness to some of the action.

My custom trade indicators are showing exactly where you could have taken a piece out of the markets. Trading for 2-4 points total for a  session is not hard, if you know when to go long or short. Having a guide to help you stay out of the trade is just as important as knowing when to get into one. “Timing” is King, but learning how to trade the price is invaluable. When you have both, you just could be unstoppable. What is that worth to you ?