The Dollar index is approaching a key weekly swing high. It has good upside momentum from an upside breakout.
Though it may appear to be short term overdone on the daily charts, this is a trend that can last for awhile.
The ten year and 30 year yield charts have a bottom on the weekly time frame. This is has potential to trend back up and this move is just beginning.
For US Indexes: Very key for the RUSSELL today – there is a three bar triangle. So far the 240 minute chart failed to make a full
retest up on Monday. Treat Tuesday as breakout mode with the potential for range expansion if there is an increase in volume.
Main levels for the SPs:
Downside: 1994, 1989, 1987.50 (daily EMA)
SPs roll to Dec on Thursday. Crop report on Thursday as well!
Excellent Trading to all – !
Markets in BO Mode: