SHORT-TERM (today and 5 days out)
For Tuesday, 2116.50 (2123.40 Index) can absorb selling through the balance of the year (page 2), above which a secondary long-term buy signal remains in effect. Upside today, 2132.50 can contain initial strength, while pushing/opening above 2132.50 signals 2140.25, able to contain session strength. Closing today above 2140.25 indicates 2151.00 tomorrow where the market can top out through the balance of the week as well the level to settle above for yielding 2178.50 over the following 2-3 days. Downside today, breaking/opening below 2116.50 allows 2102.50 intraday, while closing today below 2116.50 indicates a good October high, 2065.50 then expected by Friday’s close, 1976.50 within 3-5 weeks.
To receive a two week free trial of the Daily Futures Letters and Monthly Futures Wrap, CLICK HERE
