A.M. Look 10/19/17

This is the first Mid-Week Shuffle in weeks that has potential courtesy of
Spain. The Catalan drama will not be resolved in a day.

Spu’s have rolled over on the daily oscillator. It will take sustained price action under 2552 ish to keep an offer to the Indices.

It will take a print into the mid 2530’s for a reversal and pressure release on the medium term (25X3 P&F).

At least I practiced Rule #1. Don’t chase a bull market on Wednesday closing strength.

DeMark devotees are getting rewarded as his system showed yesterday as a possible turning point.

VIX…11.24 is today’s 200 DMA

 

 

 

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