LXK ~ possible first cross trade

fail-safe below last week's low, first target around close of the gap down bar

Some stocks are creating some very nice looking bases and with earnings coming up soon...

BE READY

FED day ~ 11am pst

Possible.
 "The Fed may hike rates one time to keep up appearances as they are a political body, then relax rates once again. They did this in 1936 when the US was deleveraging a long term debt cycle. They hiked the discount rate by 0.5% in 1936 then eased until 1940. They could repeat this action again, hiking once, then easing by way of renewed QE, or QE4."

“a little knowledge is a dangerous thing.”

"The path to mastery passes through a window where the intermediate practitioner, getting their first taste of knowledge and experience, knows more than the beginner — but less than they think.

This creates a widening gap between “how much I think I know” and “how much I actually know.”
Awareness, know where you are!