SP tested major support level, top of prior trading range. New momentum lows on 2 per ROC in all indexes. This means damage done – should consolidate to intraday EMAs and then form a retest or higher or lower low over the next few days.
Dax – Buy Day Scalp Only. (Day after 2 PF3 down, but new mo mo lows o n2 per ROC. Trade from long side but dont hold overnight. Same approach should apply to SPs. Market closed well off its lows and so wait to buy a higher low. Action has already pulled back in the overnight session.
NG – Weekly Buy DIV, Daily Buy too – trade from long side
GC – 1290.9 was initial target. This is now the over and under.
Bunds – new mo mo hgihs on 2 per ROC, Tens = ID
CL = OD/ID coil
EC – OD/ID coil