Opening Play for Thursday 10/16

October 15, 2014

Good morning Traders!

The most common formation after extreme volatility is a triangle consolation in the price.  Spiky price tests up and down then lead to a wind back down to an equilibrium  point.  The Russel led the rally and this is always constructive as small caps are the broad market. The DOW still has  an unfilled pit  session gap to the upside.   This  area as well as Wednesday highs, are the main upside reference points. 1836.75 as the last hour low in the SPs.   Hard to have any remarkable new setups after Wednesday but corn has a pinball buy   😉

Will update in the morning if there is anything unusual.   have a great day!

Linda

10-15-2014 10-29-47 PM

10-15-2014 3-03-59 PM

 

Tradesheet from Snagit

 

Markets in BO Mode:

BOs from snagit