Daily Market Intelligence 10-19-18
Oil… (X) Futures expire Monday. December will become front month. The Long-Term Point & Figure, which needs over 3 dollars to reverse, is getting into a level that can trap shorts. Spu’s…2800 is the initial 50 yard line today. As … Continue reading
Daily Market Intelligence 10-18-18
Looking for the Spu’s to print into the high 2770’s to complete a reversal on the 50X3. Spu is into a descent support level. It will take into the U.S. afternoon session to find footing. Time Frame Trading
Spu’s & Spu/Bonds completed a 50% retrace of this present move. Spu’s would need a 2801 print to relieve the P&F and put in a consolidation reversal Nasd 100 & Nasd/Bonds squeezed just over the 50% level. Oil…shows a pit gap … Continue reading
Daily Market Intelligence 10-17-18
Daily Market Intelligence 10-16-18
German elections ( weakening Merkel’s grip on power) coupled with the Saudi drama are capping the Spu below its 200 DMA. Spu’s are caught between 2747 ish n the downside and 2780 on the upside. Europe has stabilized with the … Continue reading
Daily Market Intelligence 10-15-18
Keep on your track shoes. Yesterday’s low split my macro # sets for a big std deviation move back up. Whether this move is just a trading rally or the ultimate low remains to be seen. It will take into … Continue reading