Stocks…
AAPL…529 is the key resistance and the upside closing pivot.
NFLX…closing over 331 projects another 20 dollars higher. NFLX is attempting an ORH month as long as it holds 320 on breaks.
Nasd 100…is trading @ the 2/3rds of all time. 3320 is the Fib, however the last swing count projects to as high as 3370. Above this level there is nothing for another 200 points.
Bonds…
30 Yr. Bonds…134.27-135.02 is weekly resistance. The 1st Tgt on this rally is 137 +- a few.
TLT…108.00 seems to line up with the Futures for weekly resistance, maintaining above tgt’s 110.
FX…
Markets and individual names are getting rich again.
I explained late yesterday why I was getting cautious. This is a big area
in the Nasd 100. Price action at this area will tell us how the market will
move.
That gives you 2 scenarios; back and fill to the last breakout of 3240 or much higher prices.
Trade on your own terms. Chasing rallies is tough.
Right now individual stocks look to be an easier read based off their own technical s.
Go with the flow. Use the 9/30 closes as your macro pivots. Trade the opening ranges and early time frames.
This is a 25% position