Gap trading Spoo Pit…4406-4411.50 E-Mini rollover gap 4418-4459 Nasd Pit….15,227-15,276.25 Nasd Mini’s rollover gap 15,338.25-15,474 The clouds on the 25X3 Point & Figures look different on the daily vs active daily Resistance will be at the bottom of a gap … Continue reading
Yesterday’s Spoo low is confirmed on the 100X3. It will take all new weakness under yesterday’s low to break anywhere. The first assault on the Friday-Monday Pit breakdown gap has so far failed. The probe was close to the .618 … Continue reading
Indices still have small Pit gaps and bigger rollover gaps. Powell spoke. Our views (The Fed) and insider trading are for us to know and none of your business. You either vote the party line or you will be put … Continue reading
Evergrande coupon announcement stopped the Index slide last night. Platinum and Copper have rebounded into resistance. Given Powell’s propensity to throw fuel on the fire, best keep an eye to the upside today.
Daily Market Intelligence 9:21:21
Spoo 240 Minute charts show that yesterday was a dating game. Russell 200 DMA is 2200.55 This is still a one-day time-frame at a time board. Use trailing stops. Gold’s breakdown against Platinum seems to have ebbed with the spread … Continue reading
It’s all energy going into inventories today. Natty has a general resistance area ranging from 5.51-58 with higher targets. It’s Wednesday!! Many will be shutting down early for the Holiday. Will yesterday’s low in Russell @ its 200 DMA put … Continue reading
Daily Market Intelligence 9:15:21
Sept Grains expire. Canadian Dollar expiry Oil needs to sustain for an upside breakout. Natgas had a big upside day which would not be something I’d chase. I have room for 5.50 but I would not recommend the chase. Spoo…simply … Continue reading
This week will be more about the art of trading. September Spoo will need a 4487.50 print to confirm Fridays low. 4492.75 ish is cloud resistance on the 25X3 pnf The spread is running app 9.5 points. All the charts … Continue reading