A.M. Look 7/26/24

You first day.

I have a double bottom on some Spoo & Nasd long term point & Figures.

I have lower targets than can be achieved.

Spoo & Nasd would need to negate the Qtrly ORL pattern to think this will be a sustained up.

Everything is in rebound mode with the Yen weakening last night.

Today’s top chart is the Spoo 50X3 which shows there is room for a print back above 5500, which would be absolutely meaningless.

Everything you see is prelude to next Wed-Thursday.

If you feel lucky, be my guest. The board has devolved into a war between the Systematic traders and the ODTE people.

I’m sure you’ll get a couple of chances today.

It’s almost Jimmy Buffett time. The weather is fine.

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