What a wild end to a great week in the market. The Fed definitely provided some great volatility Wednesday and into the end of the week, which will continue to spill over into next week’s trading. As a matter of fact, I think next week could be extremely important to how the markets play out the rest of the month and heading into October.
Friday’s market saw overnight strength, followed by a “buy the dip” opportunity that led to a slow rally the rest of the session, which has been the pattern du jour of the summer so far. I participated in the move by buying the E-Mini S&P 400 futures contract (EMDU3) at the 1208 program level that I had identified over the last few days, which eventually led to strength back toward the session’s high.
