The First Trade

Proper context can start the day with a solid win and make all the difference.

DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
Thursday’s lower participation extended through Friday, producing a narrowing 4-point range and a late break higher. Plunging overnight to 2492.00 and mostly retracing before the open to unchanged at 2499.00 didn’t have much effect intraday. Two attractions outstanding below had been neutralized by the overnight plunge but that wasn’t converted into a recovery into positive territory. Repeatedly chipping away at 2495.50 support — for which there is no bullish reason to have revisited intraday — never broke lower either. A late surge up to 2501.00 wasn’t entirely sustained into the close.

Overnight action’s new info…
Germany elections weren’t kind to the status quo “elites” which triggered the Euro to gap down. The Globex open’s knee-jerk reaction was only a blip-down to 2497.50 that immediately reversed up. And up. Friday’s late 2501.00 high was probed up to 2504.50, touching Thursday’s opening high. But the overnight choppiness was only expanding, and another reversal has fallen back to Friday’s 2495.00-2495.50 lows.

If, then…
There was no bullish reason to revisit 2495.50 intraday Friday. Any delay in breaking lower then was likely only a function of the weekend’s impending illiquidity. Meanwhile, repeatedly testing it only chipped away at its support. Now it is being revisited overnight again, for which there’s still no bullish reason. This also follows the overnight probe above Friday’s highs that is seemingly being rejected. And the wide overnight range reflects an opinionated market, unlikely to range narrowly intraday. Almost any open that probes negative territory is likely to extend down. But the choppiness does keep alive potential for one more attempt to absorb sellers.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2500.25 would be unlikely to trigger the 2503.00 bias-up signal at 10:15. Exiting the open above 2498.25 would be unlikely to trigger the 2496.00 bias-down signal.

Phonetic dictation…
Alright good morning and welcome it is Monday it’s time for Monday’s morning market tour of all tool overnight choppy wide-ranging overnight and it’s a little bit different than the two wider-ranging overnights that had greeted us previously as The Weeknd adheres before Friday’s open that I’m sorry that’s Thursday here is before Wednesday’s open those were recovered and not resume that pretty much left the market Shell Shocked not reversing Rich racing and Thursday nights tracing not reversing not reversing very late there’s a fire at the open even with the elections coming back that didn’t do well at the moment status quo and then reverses back down there remember they’re already know which could have been isolated to Thursday night but it was tested at Fridays open then at that point it’s just a matter of timing timing timing proximity to the weekend to the weekends overnight again and again there’s no reason for that but pretty soon after we should be in today Thursday 8138 e 88 880 dad’s ID to find a low gap down on the election results be held its bouncing bouncing it now right back down to the reaction Lowe’s which by the way should have been just a precursor to a tracing the entirety of this pit Electronics support back to the actual low if not already or also through it and then the UN which has a confirm break out so at least an eventual third lower close is required silver clean 17 signal but pretty critical support gold similarly down here at 12 9850 critical support but not this quickly 5430 which it is trying to utilize more last night than previously but it’s ready to break as much as I would need to retest this low last week slow and hold it yeah but it comes at a time pretty helpful touching 302 and not closing above it would be very much so 302 we’re going to be touched it otherwise and leave the door open tomorrow but it’s on its last legs.

Proper context can start the day with a solid win and make all the difference.

DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
Volume was lower during Thursday’s session due to the Rosh Hashanah holiday. After a post-open plunge and its corrective bounce, the balance of the session ranged narrowly flat-to-lower. The morning’s bias-down left “unfinished business below” at its 2493.25 bias-down target. That was essentially redundant to already requiring a retest of oversold RSIs at Wednesday’s 2494.00 low. The 2499.00-2500.00 close was several points into negative territory, so the generally distributive pattern remained intact.

Overnight action’s new info…
Thursday’s sole trending attempt had been a knee-jerk reaction to headlines related to N. Korea. So was Thursday night’s sole trending attempt, more successful than just an attempt. New missile threats triggered a 9-point slide to ultimately touch 2492.00. Both Wednesday’s and Thursday’s “unfinished business below” at 2493.75-2494.00 were neutralized. That was well before midnight, and trending back up since then has recovered to yesterday’s 2499.00 cash session close.

If, then…
Wednesday’s low had formed where it did because of the support offered by last week’s 2495.50 “lower prior highs.” Retesting that support post-open is likely to break lower, at least 6 points to probe under 2490.00, potentially 10 points down to 2485.00-2486.00. Retesting Wednesday’s support overnight instead of intraday may have avoided all of that, but only if Friday’s open extends the rally into positive territory. The open is positioned to do just that, by having bounced back to unchanged from the overnight drop. So, not exploiting the recovery opportunity could be exponentially more bearish than if the overnight recovery had simply failed. Exploiting the recovery could be rewarded by probing new highs, potentially to a bullish new trend high close on Friday.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2502.75 would be unlikely to trigger the 2498.00 bias-down signal at 10:15. Exiting the open under 2496.00 would be likely to trigger bias-down.

Phonetic dictation…
good morning and welcome it is Friday it’s time for Friday’s Morning Market to her interesting action overnight this is as we say in the states with a rubber meets the road basically we came into the session following yesterday’s Russia Shawna session with the Jewish New Year with a lot of participants right there and set volume is expected Lilo that didn’t prevent Post open plunge here just prevented it from extending or from recovering they didn’t recover and Charlie we didn’t get back to Wednesdays close entire session spent in negative territory not a productive session nothing predictive about it it did that would have probed under Wednesday’s low which already required to retest because of its simultaneously so really nothing new none of them didn’t change anything and buy anything I mean the ongoing distributor pattern and be the other internal observations we’ve been making that suggest things that there’s a pull back on speculation in favor of safety and some of those other things unfinished business Wednesday it doesn’t matter what the missile threats North Korea it was created by lower basically being the multi from the prior week numerical representation having already been influential likely to break through the lower end of that multi-session range which is 2490 well that would isolate and the balance of the session at least the morning with gravitate Trend up that would be the reward for having isolated this overnight programming neutralized the attractions below without in impacting intraday action for the open and consider the proximity to new highs to the highs the proximity says get just a little bit of a shove and there should be no problem probing new highs and this being a Friday new trend I close on a Friday in trenches the rally and suddenly all the other observations potentially barish observations become offset or neutralized countered doesn’t it sounds pretty even or neutral but it’s not because neutralizing barish influences actually is bullish Cuts both ways because considering the opportunity here to have isolated these retest for the retest of Wednesday the opportunity to have isolated to the overnight look at the 99 that overnight dip and if that is not exploited than the opportunity to produce new eyes becomes as much as it would have been bullish and it would have been pretty foolish could still be pretty boys so opening basically in positive territory at least through the open into positive territory that’s the beginning of a scenario for the day if not for the market rejecting this opportunity opportunity to recover this overnight opportunity not exploiting that also preferably not gapping down yet to significant or that closed we’re probably dropping potentially 85-86 999 Rudy’s in a in a bullish opportunity having held 81321 fullback it’s a retest having held at 80 80 closing but many 165 would be the last opportunity for this setup to prove that it has completed a pullback the pound bounced yesterday off of support that if broken under 1:35 would extend the pull back down to 132 certainly trying to avoid that and then they are see I don’t have any signal here it’s been pretty fast moving so for our opportunity in this venue just not anything that I’m going to be looking at trying to manage other than to point out a lot of pressure expended maybe from having stop pessimistically short of really thoroughly retesting its objective and it certainly was but not decisively before reacting not surprising precious metals in gold or silver we’re not looking for any kind of recovery to gain any traction any attempt at recovering already from this pattern is premature and doomed to failure the bond long blond really stretch this out just to its maximum maximum potential without falling off the edge of the world basically while still maintaining the potential for another correct there’s room it’s just noise otherwise crude oil and it would basically you can go back to that have already been tested their test already neutral are there support already neutralized so that creates a sort of an air pocket 975-4880 but the point is that we have a proxy here at 50 breaking under 50 essentially all but also breaking out of these lower prioritize and their price just under 50 basically without jeopardizing the rally and it’s not a good one and potentially totally destroying the pattern or if any of the distributive for this to maintain a good luck today.

Proper context can start the day with a solid win and make all the difference.

DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
Wednesday’s early probe of fresh highs up to 2507.25 and its reaction down formed the basis for a topping pattern. Wednesday afternoon’s FOMC plunge to 2494.00 as the bias environment lapsed tried to complete it. Fulfilling the morning’s 2498.00 bias objective and “lower prior highs” at 2495.50 from last week’s consolidation helped to absorb the dip. Dwindling participation helped, too, as the balance of the session rallied to 2506.75. Oversold RSIs were left outstanding at the low.

Overnight action’s new info…
Was Wednesday’s last rally sponsored by strong-handed buyers, or was it due to the prior drop’s sponsorship relieving their pressure? Oversold RSIs at the low already suggest the latter. Now so does the overnight reaction, which slid relentlessly into Europe’s opens. Relentlessly, but relatively shallowly, only testing what had been Wednesday afternoon’s last buy signal at 2502.00. Another bounce underway since then is testing 2505.00, retracing 61.8% of the overnight drop

If, then…
Participation is going to be depressed today. Thursday’s volume traditionally dips during Rosh Hashanah, the Jewish New Year. Its influence will be somewhat similar to yesterday’s difficulty at attracting sponsorship for trending. Somewhat. Attempts at probing fresh highs are still possible, as are aggressive retracements to the lower-end of the range. Be aware that difficulty can cut either way, and also inhibit attracting sponsorship for counter-trending, or for stopping a probe that has extended through a relevant timing window.

L’Shana Tovah to subscribers celebrating the New Year!

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2502.00 would be unlikely to trigger the 2500.00 bias-down signal at 10:15. Exiting the open under 2504.00 would be unlikely to trigger the 2506.50 bias-up signal.

Phonetic dictation…
good morning it is Thursday good morning and it’s Thursday it’s time for Thursday’s Morning Market to her happy New Year Rosh Hashanah if you’re celebrating the new year did you ask New Year Happy New Year not everyone celebrating the new year does so out of the market but a lot to do and so traditionally this is one of the slower days of the year slower and participation and so perhaps that is attributable to yesterday’s FMC plunge does he plan to have fun see being retraced entirely entirely too high didn’t do anything of course it was as we’re discussing at the time by last week’s upper end of its consolidation when I called Lower prioritize are a size of gotten over sold so just the potential for that to have captured the fomc plunge was already pretty substantial if in fact that is a product of weak hands because of context says that the sponsorship is just that the week or hands it takes pretty much all available strong hands to hold or a size so the upside is weak hands the downside is strong hands or stronger interesting yesterday started a new thing of leaving unfinished business below below outstanding through the clothes couple days ago that it was from the morning and in the afternoon just as difficult as it will be trending being sustainable break but that doesn’t mean that I it’s not impossible if sellers don’t mount a defense which will look at the moment not by the way influence and that is inhibiting but inhibiting just as difficult to gather or to a mass to attract counter-trend sponsorship as it is to attract sponsorship but the dividing line for the difference is split by the influence of being too high so that is possible otherwise it is possible to extend not even through sponsorship as it is an opportunity to exploit if it can get done lack of volume create a higher level. That would neutralize the attraction but creates a higher low anyway and if that doesn’t hold that it actually probes it by a more substantial amount that it might have been proved otherwise and by the way last thing I want to play it out as far as the day outside it is this upper end of the consolidation that now that it’s been tested its lower prioritized have been invoked they’ve been used and typically that means their support no longer exist which typically means if it’s retested its objective becomes the lower end of the range and not just a touch the lower end of the range of the range but to break under lower prioritize prior lives that’s the attraction next usually here’s the thing with the lack of volume I just keep in mind it’s certainly possible that we testing your essays Willow street races 61.8% into that range in other words 9191 25 becomes more of an attraction so we’ll certainly be looking for different levels along the way like that alright any questions for the open hasn’t really been much delay in responding to the objective that was yesterday the new jerk reaction it was certainly seems like pessimism but productive not going to doubt it and it certainly got the job done and now probing lower overnight back to or even end up waiting for with all these setup which incorporate the hovering instead of bouncing or recovering from a probe of it so almost any lower level at this point would be credible for extending down extending the filling a couple of gaps in the likeliest objective is 132 132 being where the last cell signal hit its minimum objective surround so far it is acting up but instead of a much deeper the Euro as well the most obvious today most obvious indication that the downside momentum remains intact and finally the enemy this is just a great case study all of these dips probes of French Lowe’s at continued to recover back into the range and this is what I was pointing out every day that’s all well and good for undermining sellers or seeming to or at least positioning the pattern for the opportunity to recover but it has to be exploited it has to actually be triggered has to be productive and close above some relevant level and this continually did not and every relevant relevant continue that was basically up trending support those broken fire lives that continue to hold his resistance it only it only prevent or only undermines all that buying pressure that is absorbing the probes of fresh Lowe’s and so if there’s going to be another opportunity to Rally it’s going to have to originate from lower levels so right now I would expect bounces if there are any 8970 8970 maybe 90 maybe we get to 90 to maintain the downtrend the brakes momentum silver and gold both reacted and two shallowly the session ahead of the news so it was too late for recovering 1730 on a closing basis ahead of Wednesday it didn’t happen so Wednesday is it wasn’t it wasn’t reading the news from the position of strength it would have been likely to absorb what is a very risky area and in order to launch a pretty big rally and now it’s being tested again Lower the signal it is still the news from above quickly that it wouldn’t be and it wasn’t so until then anything else today wasn’t really supposed to I’m expecting this to hold to lease produce corrective bounce this is really not fully-formed Head and Shoulders or was an opportunity to complete a head and shoulders with the right shoulder Bounce It Never developed so as such we got a couple candidates for the left shoulder weather it’s this pivotal High prior to the actual high or if that’s all tributed To The Head And this is the left shoulder let’s start with that one first this is downtrending to the resistance it’s a little more difficult on this one very shallow retest barely touching the interim low but it’s intersection would be something like this so I’m not lowering the bicycle the signal that thing up for the trend reversing up I’m also not limiting the reversing up to anything so shallow at this point having extended down so deeply about him would be much more productive but having said that there’s this much do you have to actually see a test of that prior low crude oil today rolled forward coverage to November from December there was a little fresh high in here yesterday still no I are close and so you can see more clearly on November that is a topping pattern still needs to trigger but essentially any fresh low close says the top is in and really at this point I just closed another 5010 just closing on to 5010 basis November would already indicators suggest at least momentum reversing down so what about greeting it’s not being greeted from a position of strength because it’s in a range but also not a position of weakness there’s been one passive and closing under it just in time for yesterday’s clothes but it’s going down now it’s go back to good luck today.

Proper context can start the day with a solid win and make all the difference.

DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
If Monday afternoon’s detected shift to weak-handed buyers has had any effect on the rally, it has been to inhibit it. Tuesday’s inside day defended its 2505.00 gap up by absorbing a post-open dip. Not only the open’s dip to 2501.50, but also its retest. And what was the reward for defending not only one but two dips? An afternoon spent in a narrow 2-point range, hovering just under Monday’s 2506.00 high, fluctuating around the 2505.00 open. No new objectives were created, and none were left outstanding.

Overnight action’s new info…
Dipping into the Globex open attacked 2502.00, not much below Tuesday afternoon’s narrow range. Consolidating there soon resolved up, trending back to the narrow range’s upper-end. Consolidating there has yet to resolve either way.

If, then…
Even in ranging narrowly, there can be some predictive value. Yesterday afternoon’s narrow ranging developed pessimistically short of touching Monday’s 2506.00 high. Having endured through an entire timing window, at least an obligatory probe of fresh highs is likely. Gapping down under Tuesday’s 2501.25 low could suggest otherwise. Gapping down isn’t currently indicated, but the current narrow range doesn’t make that difficult. Meanwhile, like Tuesday’s setup, Wednesday’s likeliest path to reversing down would begin by probing and then rejecting a fresh high — early enough to be sponsored by stronger hands, and not from anxiousness ahead of the afternoon’s FOMC, or in a knee-jerk reaction to it. Otherwise, delaying a reversal down or avoiding it altogether could be bullish into the weekend.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2502.75 would be unlikely to trigger the 2507.00 bias-up signal at 10:15.

Phonetic dictation…
good morning good morning and welcome it is Wednesday except for Wednesdays at Morning Market to her now about to go over to some principles to apply cuz we have a very narrow range again not through as many timing Windows as for instance last week last mid-week the prior week but we are getting into these this is a very trepidatious Market I don’t even know if that’s a word market so anyway it has been resolving up almost grudgingly through each of these there’s no reason why it can’t extend may be one reason to expect or to be where that it can’t expect extend or that if he tries extending its going to run into difficulty in that is again the comparison among the three major indexes that we made last on Saturday and followed up on Monday to see that there have been two consecutive sessions of rotation out of speculation and in the safety and that can certainly be attributable to what we’re seeing on the chart of what they were saying on the chart can be attributed to that as one if not a major underlying Factor but that doesn’t Point down it points to danger or risk of down and for that we have to have to come to fruition we have to actually see something by responding down quickly and then by extending that response in other words if there were in this is the same setup that we talked about for yesterday by the way yesterday result range and so the same setup as or can be applied today not infinitely or in definitely do that but just so you know we don’t get to keep applying the same principle of the same setup that is as time goes on the templates change but the next consecutive session that’s fine in this case yesterday and today opening within the price range if today does the same thing probing and in time for that to be the same timing window that is the method to reversing doubt it would have to extend down greet the Afternoon News from under some relevant level through that relevant window that is exiting the noon hour at the latest basically create room for a favorable me jerk reactions important meeting there’s going to be some speculation that there is going to be fed reducing its balance sheet or plans for that in addition to some signaling of who’s going to be involved in these things mean nothing to us but they create and they really mean nothing to Stronger Hands by the way there already involved they’ve already made their decisions are not going to react taking advantage of some sort of reaction to absorb reactions need jerk reactions to the press conference after work and we often see volatility as well we could see an afternoon and still resolved that we can see a lot of stuff there’s a lot of different but the one begins acting a probe of fresh Heights and doing it early enough so that it’s not later just ahead of the fomc or in response to the fomc not out of anxiousness not a new jerk reaction there’s also this afternoon or this evening is erev Rosh Hashanah which is the evening of the Jewish New Year and services begin and so traditionally a lot of Market participants will leave early or be ready to get on their way out the door at the clothes which typically means they’re not very active any longer than necessary which is not entirely possible this afternoon with the with the press conference but still owes itself or lends itself to some some contraction and volume and in liquidity to keep that in mind it would be difficult to see trending or get positioned for trending that’s just not going to have sponsorship for the same degree of sponsorship I didn’t look at the market with the overnight included and you can get a sense of the Ascension here cutting through a pivotal low will have a parallel uptrending support identified because that’s potentially catch in case of a pullback but even an ascending triangle refers to the formation itself not necessarily when the fireworks are really fun 4 FMC day it’s trying to it didn’t before and he can see from the volume really the change in front month that actually doesn’t change our calculable trigger similarly the pound don’t have it I’m not going to have a signal in this range the Looney which held on Monday and support and bounce nominally on Tuesday at least fernd still has not opportunity to rallied back to prioritize the Euro has really extended itself it’s God if you look at the overnight 5 touches now and more it’s really becomes irrelevant to continue counting we’re just looking for that break or that potential break yeah that uptrending liberal support is broken then at least the last two touches come into play and very likely the complete retracement back to the actual low and then a good job temporarily has yet to any of those and it’s not at it’s on the precipice little more volume there an inside day does not make the does not make the pattern anywhere bush and by the way eia reports after today’s close mid-morning and then natural gas tomorrow it’s being greeted bullishly as of now but we’ll see what today is close is but it’s probably it will be greeted bullishly preferably from a pulled back but Mondays brake higher which was overly aggressive Consolidated yesterday instead of being rejected so that creates a lot of room to absorb sewing pressure expense sewing pressure and to be able to absorb it without damaging the chart if there is a pull back today. Just this overnight but something a little bit deeper and his room down to 307 pretty interesting spot to greet tomorrow’s news any questions let me know.

Proper context can start the day with a solid win and make all the difference.

DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
Monday morning’s rally was the product of an opening surge that held up through the bias environment. That more than sufficed to fulfill the second half of influence from the bullish WedEX signal. Sliding 8 points from the morning’s 2506.00 high managed to pierce “lower prior highs” at 2498.00. That allowed the late bounce to neutralize the 2501.00 gap up’s attraction. Finally, Monday’s new trend high close fulfilled the new trend high close that Friday’s new trend high close had required. There is no “unfinished business above.” Meanwhile, the afternoon bias environment exit trended down preliminarily and then attracted reinforcements. So, the final hour’s bounce may be the product of weak hands.

Overnight action’s new info…
Monday’s final bounce initially extended slightly higher to test this morning’s 2503.75 bias-up signal. Reacting down from its resistance greeted Europe’s open at 2501.00, which triggered a rally. Yesterday’s highs have been attacked to within 1-2 ticks at 2505.50.

If, then…
Did weak-handed sponsorship fulfill Monday’s new trend high close, and neutralize the attractions above? Avoiding a detour down might depend on extending the rally without delay. Reversing down through Tuesday morning’s bias environment exit — if not already through the open — would be bearish. That vulnerability is compounded by the vulnerability to reversing down a lot, since the three-index comparison confirmed Friday’s rotation out of speculation and into safety. Call it a precipice, and one wrong move could be disastrous. The last precipice was two Fridays ago, and it held. Currently indicated to gap open within yesterday’s range isn’t yet bullish enough be confident this precipice will be avoided, too. Reversing down from probing yesterday’s high would offer the highest confidence of a top forming, or of a reversal already formed.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2507.00 would be likely to trigger the 2503.75 bias-up signal. Exiting the open under 2500.00would be unlikely to trigger bias-up.

Phonetic dictation…
Alright good morning and welcome it is Tuesday instead of Tuesday’s Morning Market or going to know pretty shortly shortly after the open at least what sort of well we will know shortly after the open whether we’re out of Jeopardy or if the Jeopardy persists Maven know shortly after the open if that Jeopardy is being realized and what that is is no unfinished business above the confirm Breakout last week and required rental third higher clothes that was fulfilled Friday by its new trend I close words and created the need requirement for another new trend I close which yesterday full filled all during a bullish wed x influence on Friday afternoon that was fulfilled and on Monday morning that was fulfilled more steeply and the boy what else mornings bias up signal that was fulfilled within four ticks which were allowing because of the new highs Etc I don’t even more by Target won’t be met but certainly attacked more closely than within four ticks if it’s if he has high as we tested it all which is interesting as well because it would be done by we can’t or presumably by weekend because after all that upside was neutralized all the targets objectives price-wise structurally were satisfied yesterday afternoon trended down actually trending down from the mornings by its environment exit through the afternoons by its environment luminary selling pressure coming out of the bias of going into the Suburban exit that got reinforcements and that gives us contacts that this balance that follows is weak handed and guess what is what fulfilled that unfinished business above as far as the clothes the new High clothes it was needed so we had a session with no unfinished business of and we fulfilled unfinished business above through the closed both on the sponsorship of we can’t neutralize post preferably to 2507 but in any case test you say size not just touch but prober Pierce and then threw a relevant window exit back under the clothes yesterday’s closure says cash hasn’t closed equated to 502 25 yesterday’s Futures close a little bit higher sort of permed barely from the turned a little bit through the clothes couple ticks but it had been up to 325 03 so take that old 2502 2503 bar or point out if the open can do that that’s the opening 15 minutes probably too much volatility to be too too influential going forward but at least through the opening 15 opening 45 minutes through the bias timing window when the bias signal is triggered to have gapped with it or opened within USA’s range tip road yesterday’s high and to have reverse back down under yesterday’s clothes rejecting the test holding a test of 503 75 25 or 375 being the bias up signal not only that but and here’s that third touch 4th touch and now V touch any break under there having already completed to touches any break under the sub turning pivotal support this is pretty flimsy at this point it’s influential and its guiding but it’s not very supportive has a great deal of vulnerability to breaking through the prior low to attack or test that next Friday low and any prior low closed under all but in Shores targeting a retest of the low since it’s pretty important point in the pattern to be maintaining upside momentum and not a good chance at it the end probe lower last night pretty much on timing here because your lips go back to this that’s a lower probe overnight and this is after yesterday’s downtrending resistance was contained within a previous range that to discernible without seeing the overnight as well I would give it every benefit of the doubt that’s reversing to the outside of of 9025 otherwise I don’t have anybody signal in play Gold held 13 1052 suggest not signal that suggests that the downside is done and that at least bottom will try for me here’s the thing about him doesn’t form immediately in this sort of a pattern of this stage of the sort of the pattern then it might not actually becomes much more difficult to and that means need to close today but 1350 so far not really and rivet least absorb selling pressure should selling pressure come back in here again right so I think that’s everything if there’s anything left out anything extra anybody wants to go ahead and post it in the chart room and I’ll see you there before the open good luck today.