Our Live Trading Rooms Bring Together Thousands of Traders from Around the World!
Good Wednesday Morning, MPTraders! September 16, 2026-- Pre-Market Update: This day has finally arrived! Fed Time!Let's take a look at some Big Picture Set-Ups to see if we can arrive at a directional reaction to whatever the Warsh Fed does and says between 2 PM and 3:30 PM ET today:Weekly 10-Year YIELD argues for upside continuation-- not necessarily immediately-- to 5.25%-5.50% before pivoting to the downside into a major correction. If that proves to be the case, then will upside continuation from 5% to 5.
United Airlines (UAL) CEO Scott Kirby runs one of the world's largest airlines. He still can't play blackjack on the Las Vegas Strip. His résumé hints at why: bachelor's degrees in computer science and operations research from the Air Force Academy, a master's in operations research, and a stint as vice president of revenue management at America West. Applied probability, start to finish. Then there’s card counting. Now, by a strict definition, some view this as gambling. Yes, it takes place at casinos, but only until the counter is discovered.
As it stands right now, it would seem that we do not have any clear impulsive moves off a low in the metals charts. Therefore, this means we only likely have seen a corrective rally, suggesting one more drop. And, with the Fed up today, it could easily be a catalyst for that drop.Now, remember, I cannot count a clear impulsive rally which is why I think there is another drop coming. This is not set in stone, but just seems more likely to me right now based upon what I have seen thus far.
Our Technical Analysts Share Their Expertise 24/7 on a Vast Range of Markets!
