A grand rug pull

Does the Fed feel forced into doing nothing?  Will they raise rates?  Who knows

Mike Lebowitz makes an interesting comment about a market rally into the FOMC.

a breakout higher from the much watched spx triangle prior to the FOMC may be a very bad sign fwiw.

— Michael Lebowitz (@michaellebowitz) September 15, 2015

I tend to agree that this market is setting up for a grand rug pull.  The probabilities suggest we should emphasize this potential outcome in our scenario based trade planning.  Could it be easy as simple as a rally into (and possibly through the FED announcement given they 'keep it easy')?

As the market is now in a downtrend, whatever strength we can get in this market is going to be a hell of an opportunity to get short.  The same as pullbacks in uptrends are a hell of an opportunity to get long.

The question is, will that opportunity be closer to 1980 or 2040.  Again, who knows.

All of a sudden, the New York Stock Exchange's McClellan Oscillator is getting quite overbought.

This coming while the markets slowly work off major oversold conditions.

Again, the trend of the market has changed from up to down.  Many smart large investors know this.  Volume in the majority of stocks is much lower these last couple of weeks.  Buying interest has dissipated.  

If you're a bullish investor, patience will pay in spades.  The next fat trade is likely to the downside.

Trade 'em well!