Trade the Trading Channel

The market tested the lower end of the downward sloping trading channel and now it is testing the upper end.

PRE-OPEN MARKET COMMENTS MONDAY - The Fed hiked interest rates last week and they might do it again in December. The market initially sold off testing the 100-day MA and it rebounded sharply on Thursday. Quadruple Witching played a roll and this morning the futures are up 50 points before the open. Global markets are providing a nice tailwind overnight.

Daily Bulletin Continues...