Quiet overnight trade action in Globex session … so the key levels that we highlighted in yesterday’s strategy blog remain valid today. Let’s review those…September (U) Contract.
Pivot high zone 1688 – 90 is key hurdle for bulls…Penetration of this zone and successful hold suggests 1692 – 95 as initial upside target.
Initial support is overnight Globex low 1680 – 82…Three-Day (3D CPZ) Central Pivot Zone (1682 – 84) will also be important marker for bulls. Violation of this zone calls into question bullish case and suggests deeper downside correction which targets 1674 – 76 zone.
Dynamically generated levels will be updated as necessary during session.
Good Trading … David
Habitude Eight
I can recover from any setback. I have an attitude of abundance. I affirm abundance in the universe. I know I cannot begin to count the stars. I realize the ocean doesn’t care whether I go to it with a bucket or a teaspoon. I know the market provides a river of opportunities. I invest in my capabilities. I will be happy with my results.