Dangerous Market

Dangerous market squeezed the shorts then sold off- I think we should trade down in the overnight to that 163 level but really not sure- The markets are in whip lash mode here

1269

Still trading around 1269 so it makes it tricky to analyze what is going on. Presently we are trading at 1269.5.

1269

Solid break through these levels. Very tricky action here 1262 must hold into the close for the bulls to form a bottoming pattern

Weak Action

Weak action continues looking at 1269 for a pause in the downside

Range

I think we will be in a range here for a bit- Higher end is 1305 and lower end 1241, both area are HIGHLY playable

Bounce

Bouncing a bit but I don't buy it- look to see if we hold the 1265 level and then 1262 if not we will revisit the lows

Perfect continue

This is a great setup happening here- I am just going to be patient. We should test the lows from last week and that area I spoke about in past post.