Stocks...
Spu’s…we’re getting pattern follow through from last Friday’s ORH’s.
Nasd 100…mvg avg resistance starts today @ 4355.
COP…52.50-80 is first resistance. Above, look for a move to 55+.
DIG…35.36 is weekly momentum.
Bonds …
30 yr. Bonds...157.29 is today’s momentum #
Bunds…156.40 is today’s momentum #FX…
Euro...is stuck between 111.20 and 113.30. This needs price action and a close either above or below for new direction.
Commodities…
Oil… 46.30 was resistance and where the pattern buy stops got elected. Once below, it was back to the lower end of the range. Still a tough level. Do not over trade here.
General Comments or Valuable Insight
Pretty much every 10 points up in the Spu’s is a potential stall level. (1965…75)
Buy breaks near and against last night’s low.
A few of you have asked about some of the terminology I use such as ORH.https://www.whitewavetradingstrategies.com/glossary/
click the above link for definitions and explanation of the expected price moves