Daily Market Intelligence 2-26-20
Spoo’s came close to the qtly pivot and bounced. There is a double bottom on the 240 minute bar chart. Level has to hold. Even if it doesn’t today it’s a potential bear trap. Hero trading should be done via … Continue reading
Daily Market Intelligence 2-24-20
Bottom fishing in energy and Industrials. Indices are a flavor of the day affair. XLI… Gold 100X3 has broken out making this a buy any break scenario. FYI..a chart of this duration rarely turns back down ( very low probability) after … Continue reading
Is the party over or is this just another equity check? Point & Figure charts show that last nights lows have to hold. Nasd 100 Spoo’s…3366 is first PNF resistance. Sustained and closing price action over 3374 is needed to … Continue reading
Daily Market Intelligence 2-21-20
Energy inventories today. FYI; today is March Crude expiration World Bond Futures higher with Dollar up. You guessed it = strong Gold Spoo’s come close to pinning the tail on the target last night in early Asia. It will take into the low … Continue reading
Instrument are once again at inflection levels. 30 yr Bonds, Spoo’s , Nasd 100 & Gold. Indices are trading at their respective daily ORL #’s Spoo…3365.25 Nasd 100…9588 Gold…will need close to 10 dollars higher to for breakaway on the … Continue reading
Daily Market Intelligence 2-13-20
Spoo/Bond is back lower on the year. It will be important to see how this winds up the week. Nasd 100 would need under 9370 ish to breakdown on the PNF 30 Yr. cloud momentum resistance is @ 162.10. … Continue reading