I’m looking for a 132.30 print in the USAH
At this point I’d look for it at the Chicago pit close @ 2 P.M. CDT
or an hour later at the NYSE close.
Qtrly sell stops in the TBT are @ 71.40
TLT…resistance is the 200 day mvg avg @ 108.60
USD/JPY…just printed my qtrly pivot of 103.00 (97.10 Futures).
This level will run the next 200 points in either direction.
If you’re not a full time cash currency or futures trader I’d leave it alone.
Yen will most likely either reject or break through this level in early Asia.
There are a lot of markets matching up levels. They are big market inflection levels.
I’m going to let the time play out.
Time frame trading….the lemmings are in full flight.
If this price action is going to be a one day wonder, the turn will come
very late today. In fact it could take into early Asia to confirm this direction.
For those looking for a contra trend trade ( Bottom Fishers)
TBT
My quote is slow however they’re trading around 70 cents.
BUY the Jan 31 72.50 calls @ 70 cents or on the NYSE Close