Good Morning Traders!
SPs are at a critical point in their down trending channel on the 120 minute charts. A higher low would be needed if there were to be better upside. The Russell closed back below the daily 5 SMA. The SPs and DOW have not. The Dow is still right in the middle of a larger trading range….relatively trendless for now. Since the Russel closed so week – Watch first for further downside. The DAX closed below last Thursdays close and is on an extended run to the downside.
There is a three bar triangle pattern on bonds, tens and bunds.
We will update in the morning is there is any significant overnight action. no pinball Buys or sells….lots of thre bar triangles in the currencies but ranges have been rather parge to expect any true “breakout”.
Trade Sheet below!
Have a great day!
Markets in BO Mode: