SHORT-TERM (today 5 days out)

For Tuesday, 43.07 can contain initial weakness, above which 44.16 remains an intraday target able to contain session strength. Pushing (especially opening) above 44.16 allows 45.04-43 intraday, a range of resistance able to absorb buying through the balance of the year and below which 39.62 remains a 2-3 week objective. Downside Tuesday, breaking/opening below 43.07 signals 42.24, able to contain session weakness. Closing today below 42.24 allows the targeted 39.63 by Friday’s close where the market should bottom out through next week as well as a meaningful downside continuation point into early December.

artac11.15.PNG

To receive a two week free trial of the Daily Futures Letters and Monthly Futures Wrap, CLICK HERE