We clearly favor the latter.
Here is THE word again - Patience.
There are possibilities that require time to resolve.
Larger TF's for NQ appear Negative.
Short Duration TF's indicate rejection after rejection...
Wall Street wants the Fill, again, we need to see where.
The Spread between 50/200 remains wide, 4/5 indicates
that we will not see a death cross.
A number of TV traders are turning bullish... After reading a
few of the "Ideas and Editors Picks" - the Expectations are for Higher.
To which we would respond, You are not breaking up... and this is not
an IF... therefore you are breaking Down.
MAcro Data this week will set the Trend, we see the 1.566 as the next
potential Low of the 10Yr Note Yield.
U-MIch Consumer Sentiment predicts a Recession in 90 Days.
Money Balls are everywhere, we see Commods, such as Oil, absorbing
money flows. Gold remains lackluster, under duress from Yields.
This reamins a Short term Liquidation event to Price Objectives below.
The Next Leg down is simply setting up ahead of Indications this week.
Fun times, challenging trading... all require the "P"
It is important to remember the 18th is next Monday and Yellen's Drop dead,
although touted to be resolved, it is Not.
Here is THE word again - Patience.
There are possibilities that require time to resolve.
Larger TF's for NQ appear Negative.
Short Duration TF's indicate rejection after rejection...
Wall Street wants the Fill, again, we need to see where.
The Spread between 50/200 remains wide, 4/5 indicates
that we will not see a death cross.
A number of TV traders are turning bullish... After reading a
few of the "Ideas and Editors Picks" - the Expectations are for Higher.
To which we would respond, You are not breaking up... and this is not
an IF... therefore you are breaking Down.
MAcro Data this week will set the Trend, we see the 1.566 as the next
potential Low of the 10Yr Note Yield.
U-MIch Consumer Sentiment predicts a Recession in 90 Days.
Money Balls are everywhere, we see Commods, such as Oil, absorbing
money flows. Gold remains lackluster, under duress from Yields.
This reamins a Short term Liquidation event to Price Objectives below.
The Next Leg down is simply setting up ahead of Indications this week.
Fun times, challenging trading... all require the "P"
It is important to remember the 18th is next Monday and Yellen's Drop dead,
although touted to be resolved, it is Not.
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Gap Fill is 14690