Midday Missive

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.

Inline image 1
​Eurodollars…front month spike to its 200 DMA​Inline image 2
​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.

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