Midday Missive

SPU’s…Every technician is looking at a potential double top @ 1679.50.

Resting short term stops are 1669.75.

You would need a close below 1667.50 to get me interested in picking a short term high.

IYT…114.64 is today’s ORL #. A close below this level would signal a short term high.

GOOG…916.36 is today’s ORL #. A close below this level would signal a short term high.

Nasd 100…3063.50 is today’s ORL #. A close below this level would signal a short term high.

VIX…price action over 14.14 cash.

Unless you see all these instruments lining up late the overbought grind up continues.

Tesla…there are resting sell stops @ 118.82 which, if elected, could lead to 113.70. Only a Friday close under 118.82 would signal a deeper sell off.

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