Vix cash is attempting an ORH month with a close over 17.32. Fulfilling this pattern would lead one to believe that there is more “Risk Off” in store. This bears watching as sustaining above this level shows room for a … Continue reading
Stocks.. U.S. Indces…yesterday’s Mid-Week low should hold the rest of the week. TSLA…145-146 becomes support. Bonds… FX… AUD/JPY….held support yesterday. This is in a corrective profit taking phase that could reach 88.70 AUD/CAD…95.05 is resistance and the closing upside pivot. … Continue reading
Stocks.. QQQ…76.05 is a level that can reject the first time up. The longer term upside tgt is 82 as long as 72 holds on breaks. Bonds… 30 yr….135.00 remains resistance and the upside pivot. FX… Euro…needs a close under … Continue reading
Today Front Month Rolls to DEC. I’m still using the Sept. levels
All these indices are coming up to key “closing” resistance levels that will probably match up with the Spu’s around the old high of 1419.75. These areas will run all the key spreads…Spu/Bonds….Dax/Bunds
The best of the good news is out. Is this the high for a big sell off again or not? 1315 seems the lowest risk level for short term traders to try a long ( or minimally, not press shorts) … Continue reading
Today traders should pay close attention to last Friday’s lows in the Equity indices and 118.07 EUR/CHF. There are stops building under these lows. This will make today another price action trade. Pressing follow through the first time at these … Continue reading
We have paid for our stops in the equity index futures. If you haven’t already, pay for your stops by the close in the miners. I.E. Sell a portion of your long position, so no matter what happens, you do … Continue reading
There is a huge end game setting up for the end of the qtr. ( Thursday’s close). Last night’s lows in the equity indices are key levels to watch if the indices are to hold. We will be in wait … Continue reading