U.S. Equity indices have had a nice relief rally although those gains have faded
with the Nasd 100 failing to hold above 4353.
EURO...111 is the downside closing pivot for the qtr. It’s a 4 P.M. CDT level.
Most clients I’ve spoken with are blurry eyed and done trading.
One interesting tidbit was the 20K contract stop limit @ 1999.50 that one of my protege’s waited patiently for 30 minutes to scoop a few.
Day traders should get one more late trade on the Russell re balance.
GBP/USD…taking a deeper look at Sterling.
Eurodollars…front month spike to its 200 DMA
I’m eyeballing the weekly for signs of more stress
There is nothing to do but wait to see the closes and new price action
going into next week.
Everybody went from short dollars to long dollars in a few hours last night in Asia.
Let the world digest the market mayhem.
The next game will be to see where those dollars seek out a return.
