October 27, 2015
Trades & Tutorials
By Geoff Bysshe
On Wednesday the Fed will issue its latest statement on interest rates and the economy. Nobody is expecting the Fed to move rates, but the ETF I cover in today’s video is setting up for a very big move nonetheless.
And based on its pattern and history, I don’t think it’s going to wait until the Fed changes rates. Under the video you'll find a chart showing it has not been this compressed on a 10-dasy basis since November 2014.
The chart below shows the 10-day range as a percentage of the last price. The white horizontal line is the current 1.89% level.
