Tonight is the last transmission for the rest of the week.
I have a battery of tests scheduled starting after the close tomorrow.
Spoo 100X3 has been a good an indicator as there is.
That combined with the Spoo/Bond 200 DMA has lit the way.
Spoo negated its ORL monthly signal with the late day rally.
The room was looking for this from before London’s close.
Now that the Spoo have completed a 50% retrace we’ll have to be vigilant for the next two flows.
Being the first trading day of a new month, you have another potential bout of buyers.
Sustained and closing price action above 4510 will lead to a test of the bottom of the channel @ 4585