March 28, 2006: FOMC

Geez! That wasn't called for... and just like that the market tanked with the Dow breaking the 'diamond' pattern, now that's significant!

2 interesting patterns I hightlighted on Semis: 1) the slanted H&S which is always bearish, no fakes here, this is a reliable pattern. 2) the 'rising W and a handle', and that's also a b/o pattern that's easy to trade: just place the entries above or below the handle.

Only thing that held above its ema is AB. Tomorrow should be interesting cuz it's usually the next day or 2 after FOMC is when we get a TD.