A.M. Look 8/15/19

Spoo/Bond Pit weekly chart is running this wiggle.

Spoo rallied 25 points last night off the gap into 2865 resistance.
Currently you’ll need price actin above that level to confirm a short term low.


Spoo’s are coming into Macro support levels and its 200 DMA @ 2798.
There is absolutely NO SELLING WEAKNESS into this area.

 

It’s a cover zone for shorts or a buy before you sell for hamsters.

Full Moon Trading on a mid-week shuffle.

Gold did not get high enough last night to put a smile on my face.

Yesterday was a hard day to trade.

Today is setting up to be just as difficult.

Be vigilant for a descent reversal in all Risk assets.

This is the last A.M. Look for a few days.

Off to Denver for a once over. When they’re done I’ll be back.

This entry was posted in Archive. Bookmark the permalink.