Thank you for the reply. I appreciate your activity in the comments. Really helps development as a trader.

Really liking my experience with your site over the past few months.

Thursday’s GDP certainly has the potential to move the market but as far as the market’s reaction goes, it has been my experience that more often than not (which is far from always), the market’s reaction to any news or economic report will be in the direction that the charts were already indicating (bullish or bearish).

When the charts & market action is bullish, good news is good news & bad news is often ignored or shrugged off quickly. If the key near-term resistance levels on the 60-minute charts that I covered in today’s (Wed) video are taken out, then my guess is that the market rallies whether the GDP report comes in above or below expectations. Of course, I’m referring to the lasting reaction, not any knee-jerk instant reaction that often gets faded.