Pattern Alert!

Spu’s…having rejected its 50 DMA @ 2162 last night the pattern is looking ugly into the thinnest time of day. Spu’s need to close over 2143 to avert a daily ORL.Inline image 1
Nasd 100…4844.50 is the ORL level.Inline image 2

 

​We’ve seen this same movie ​over the past few Fridays only to see the Algos unwind the selling late day, save the pattern, and then weaken into Monday.
The Sunday night price action will be run by Debate sentiment.
China will also be back in.
Time Frame Trading.It will be a late day battle to see who wins.
This entry was posted in Archive and tagged , , . Bookmark the permalink.