Nasd 100…4834.75 is the weekly ORL #. I think we close around here or higher today. Spu’s…2136 is the weekly ORL #. The later we get in the day the greater the probability that shorts get squeezed. Oil is stuck. … Continue reading
Full Moon Trading… Spu’s and Nasd futures have both just traded up to pivotal levels. I’m looking for a back and forth affair today. Closing in this area puts the bears back into hibernation for a couple of days. EUR/AUD…145.43 … Continue reading
S&P 500 Futures…Time Frame trading the rest of the day. We’re coming into the July gap level where it does not pay to sell into this area. Be aware that the flow can change into or after London’s close.
Daily Market Intelligence 10-11-16
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. Nasd 100…4844.50 is the ORL level. We’ve seen … Continue reading
Daily Market Intelligence 10-5-16
S&P 500 Futures…the range is identifiable. Sustained price action over 2167.50 is needed for an upside Point& Figure breakout. Nasd 100….we just knocked on the door of the all time high @ 4884 for a second time today. 3rd time … Continue reading
German Government is said to be preparing an emergency plan to rescue Deutsche Bank. This gave a bid to all Bourses. Welcome to the mid-week shuffle. I’m looking for a two way trade today and tomorrow. S&P 500 Futures (PIT) … Continue reading
My daily volatility indicator is flashing a sell signal in the Spu’s ,Nasd 100 & Nikkei. This is a short term caution signal.The previous signals have taken from a couple of days to a week to play out and negate … Continue reading
Daily Market Intelligence 9-26-16