In the week ahead look for these news announcements to act as potential market movers…

There is a lot of economic news this week including GDP on Friday and the FOMC Meeting Announcement on Wednesday. We are expecting volatility to remain high, as we’re still in the thick of earnings season. We are approaching a support area so it will be important to compare the volume on a rally to the volume on the move lower. A lower high on the daily chart with lighter volume would be bearish and a move we will look to short into.