• Comments for September 29, 2017

    Yesterday, Treasuries experienced an oversold bounce.





    As a consequence, the US$ also weakened (Euro and gold attracted money.)
    The US$ is now at support while the Euro is at resistance. If both levels are broken, we can expect a continuation of the move (Lower of the US$, higher for the Euro and gold.)







    Both the small caps and the NQ8 are still in positive Money Flow territory.





    By the way, Yesterday, I added the NQ8 and the small caps Real-Time Money flow in the list of Real-Time instruments (the XLX page.) This could be interesting for those trading the NQ or the small caps in real time.







    Conclusions:

    Today is options expirations and the last trading day of the month. Markets will keep being supported.
    Energy seems to be heavy here.