Spoo…3676 is the weekly ORL #. It will be pivotal all week.
Risk spreads will be needed for confirmation.
Currently both SPOO & Nasd/Bond are below their respective weekly ORL #’s.
This is going to take a couple of days to play out.
The world is watching the U.S.
Many are expecting an unruly event to unfold on the streets of Washington D.C. tomorrow fomented by “Fearful Leader”.
The only consensus I see on the board is the continued Asian buyers of commodities.
How many times have we seen these patterns negated in the past?
Keep it tight today, you’ll get your chances.