18ma on weekly and daily upper BB reached - a strong resistance area. I expect a pullback this week coming although floating above this level for a few days is possible. Any pullback for a few weeks will likely be bought and then we ramp up for the Santa rally to 4100 minimum. Pitchfork tells me the low for the year is in on ES, but the NQ could make a lower low before it's rally. Gaps on SPX Cash are highlighted here, we'll probably get to them by end of the year or early next year, before more serious downside.
Komentar:
DOW should find support at 18 weekly MA before more upside to 34k
