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Remember the webinar will start at noon today

HERE IS THE LIVE WEBINAR LINK – IT WILL ONLY APPEAR IF YOU ARE PROPERLY LOGGED INTO YOUR ACCOUNT

A few key things to remember today –

FOMC at 2pm

Volume will be light

Durable goods and initial jobless claims

EIA report at 10:30am

Iran is really trying to flex its independence.  If I am to be completely honest, we’re going to see them try something soon. They are a proud people and they do feel that they have been singled out – probably a little tired of being bullied, hence their resistance to Saudi Arabia trying exert control over the OPEC meetings

Make sure that you see the levels of support and resistance ahead for each one of the instruments you trade- mark them on your chart and look for lower support.  You can draw trendlines to help you but unless you see clean horizontal lines of support or resistance, only use them as a guide

The news is slightly neutral to bearish so we’ll look for a drift to support before holiday action takes over and send us back into the resistance zone

Lastly, if you use the straddles to give you the relative priced motion – CONFIRM IT WITH THE FORMATIONS – that is important.

See you all this afternoon

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