SP – 3 bar overlap/NR7, 3 bar triangle in NAZ, RUS and DOW…. = breakout mode. Market can spaz in one direction and then come out the other or gap and trend. If Gap in morning session , watch to see if it is open, drive, and test globex high or low, or retrace into the gap area first. SP – 75.25 would be U turn down. 89.75 is the first upside pivot.
NQ 240 Buy or… 60 minute U turn….Rus main index to watch (imho). Rus on a solid Buy Day configuration but still three bar overlap.
US – 3 bar triangle breakout/low TP reading. (155 high test area) or watch for lower high.
TY – on daily bull flag
GC – 120 First cross buy
SI – Buy Day
CD – 5 SMA buy though can still test PDL
KC – daily first cross buy
check out Cocoa and Sugar…anyone trading these markets? these are good swing markets for position trades as is coffee.
Grains – more up!
9:30 P.M. EST Wednesday night: AUD Employment change
3:30 A.M. EST SNB Monetary Policy Assessment & LIBOR Rate
8:30 A.M. EST USD Import Prices & Unemployment Claims
10:30 A.M. EST Natural Gas Storage
1:01 P.M. EST USD 30-Year Bond Auction