8/26/11 Morning Prep / Analysis: GDP (1.1% forecast) 8:30am, Bernanke at 10am

Fundamentals: Futures slightly lower and slow currently.
- 8:30am: GDP, forecast of 1.1%
- 10:00am: Ben Bernanke Jackson Hole Speech

Technicals: 6:56am- Charts showing a short / neutral bias. Trade is very flat / pretty choppy at the moment. Charts reflect traders waiting for GDP and Bernanke speech.

Course of action: I will be waiting for the GDP number before even considering a position. I want to see conviction from either side of the market. Currently updating my analysis sheet and highlighting "zones" on my medium and fast charts. Here is the wedge that I've determined is the current price action.