Market report 9/17/15/Still water

DJI futures +38, the market shrugged GOP debate as a non-event, will try to creep into the resistance band in DJI 17100-17700 area,Trailing stop at 16230 . We have to wait till Friday's close to see if a weekly signal will reverse 18 weeks of declines, and possibly setup the stage for a monthly buy signal in DJI.USD/CHF has made a top and it is declining, dragging the market with it. Gold has a daily trend buy. Reading the tape, it seems that the markets are ignoring Trump's candidacy, or maybe the Insiders don't consider him a threat to the current monetary policy of endless money printing. So unless a new blow comes from the China Forex markets, DJI will meander in the range, perhaps for many months until becomes clear if there is change at the Federal Reserve. When Yellen stops providing cheap money to the system, the market will be at least 5000 or more points lower. As the pop's used to say," Never short a sleepy market". Disclaimer: Investing in the stock market involves risk of loss. The market commentary provided by bibi1581.blogspot.com is for entertainment purpose only, and it is not be construed as suggestion or investment advice to buy or sell securities. Always consult a registered investment professional or broker before committing money to any stock or option instrument. Bibi1581.blogspot.com is not responsible for any direct or consequential losses incurred in violation of this disclaimer. Read all SEC rules and regulation before making investment decisions.

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