Opening Play Sep 30

9-29-2014 10-22-31 PM


Good Morning Traders!

Last day of the quarter…..Indexes have been filling out 120 minute  chart formations –  SPs  have wound  down to an equilibrium point on  30 minute  (see chart).

Currencies:  There are Buy Divergences in the AD  and JY  that might lead to a reaction  back up  above the 5 SMA.  (see charts).

Great breakout coil in Silver – wedge above.    Bonds –  Sell Short  Day.    Crude had UPSIDE breakout Monday from  down sloping daily trend line.   Dips  will still provide buying  opportunities.  96.50 is the middle of a previous trading range that comes in to the upside.    Grains will all have Pinball Sells.

Have a  great  day!




9-29-2014 3-09-03 PM