Risk Off is still in full swing. I do not expect any change in that footing today. New lows or highs in any instrument are not to be chased or pressed for direction!!

Nasd 100 Futures…2030 ish is the big Fib zone to watch today. This is a short swing Fib.

SPU… another swing down to test the July 2010 lows would not be surprising before Jackson Hole next week.

Silver…42.20-30 can be a big pivot level for overextended Longs today. 44.60 should be used to exit any longs the first time up.

OIL…this could have as much as another 6 dollars to the downside if Risk Off continues. There is no good trade location to do a trade in here. Trade what you see.

The Dollar has seemingly shrugged off safe haven status for the moment. Trade your short term technical s and don’t be stubborn!

Model Trading Portfolio…Current Holdings

No positions