There is a typo in DMI commentary..the weekly Spu ORL # was 2154.75 not 2054.
It was correct on the weekly chart that was sent.
December Futures are now front month currently trading @ a 7 point discount.
I’ll be using the Sept levels until Wednesday.
There is a Pit Gap in the Sept. Futures @ 2104.50-2101-50. This is a do not sell zone the first time in.
Any rally into the 2150’s is a sale.
December is trading @ a 7 point discount to Sept. making the top of the Gap line up @ app. 2097 Dec.
It will take a close higher on the week to retest the weekly breakdown level which is now the lowest risk sell level.
Nasd 100...December is trading 4 points below Sept making the spread irrelevant.
VIX is up over 10% trading at 20.27. 18.87 will be pivotal for the next few days.
Above/Equity Indices will remain under pressure.
EUR/AUD…can start running out of steam closer to 150.35 weekly resistance.
Its 200 DMA comes in @ 150.75.
You’ve got the ORL weekly pattern follow through. Be mindful of selling indices in the hole. From a technical perspective, pattern follow through has been fulfilled.
Time Frame Trading
