Category: UPDATES

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Mon’s intraday high is a 61.8% retracement between last week’s high and Fri’s low. Mon’s lows were essentially supported by that measurement’s 38.2% counterpart. So, no net momentum registered for…
Exiting the A.M. window in decline held lower prior highs at 6611-6618, i.e. ower prior highs from Fri’s mid-day consolidation. Reacting up could continue to hover and absorb the earlier…

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BEWARE: Fluctuation is so unusually wide that normal stops produce multiple whipsaws, and wider stops won’t be triggered until a move has detoured substantially. Exiting Mon’s 1st-15 back above Fri’s…
Overnight lows immediately neutralized the required retest of Fri’s 6524 oversold RSIs. Globex’s subsequent 6483 low doesn’t qualify as a trend extreme so its retest isn’t required. The deciding factor…

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First, some important context: Fri’s collapse snapped up sharply into the cash session close to 6563, and then through it pretty substantially to 6592. The 6563 cash session was a…