A.M. Look 7/27/17

DXY…Dollar Index came within ticks of the next target a shade below 93.00.

This is another example of an ORL with a very low RSI having limited follow through.

Inline image 1

 

OIL…spent all night looking for new buyers, only to find European sellers at the top of the hour. I don’t have a good feel for this other than to say it will be a tough trade.

 

Spu’s…finally traded its 2480 target by making a higher high by one tick and failing to find new buyers.

The levels and targets continue to favor DJI & Nasd 100 over the other Indices.

Let the U.S. Pit sessions set up today.
This entry was posted in Archive and tagged , , , , , , , . Bookmark the permalink.