The Chart above observes the Algo Tuesday Draws.
Top-Down / Bottom-Up from the 2 primary .500 Levels
for the important timeframes.
The 4690 will remain extreme in importance to a move
Higher for the ES, the VFX (Jan VIX) will guide traders.
A pullback on open to lower Supports into the Gap Fill
and perhaps a Dip In to lower Price Objectives should
provide further energy for a move in Countertrend higher.
________________________________________________
The 711s are acting up in Pre, should they hold, they will
provide a nice shove higher, the same applies to the TNX as it
is overdue for a Pullback ON or ahead of the BLS Recalc tomorrow.
Patience as EPS Season approaches.
Operators tend to move Prices higher ahead of what will be
an abysmal Q4.
There have been no real warnings yet, Apple lead last go around
fro Q3 with an announcement of a 10 Million reduction in iPhone
Sales due to Semi availability.
Financials will lead this week with the LArge Money Centr Banks
reporting. Primary Dealers always seem to profit.
Heavy Put buying on NYSE Open was whipsawed Monday and reduced
to smoldering embers. They won't be back today looking for revenge,
it's too soon. Instead, they will pile in ahead of the BLS Recalc.
Top-Down / Bottom-Up from the 2 primary .500 Levels
for the important timeframes.
The 4690 will remain extreme in importance to a move
Higher for the ES, the VFX (Jan VIX) will guide traders.
A pullback on open to lower Supports into the Gap Fill
and perhaps a Dip In to lower Price Objectives should
provide further energy for a move in Countertrend higher.
________________________________________________
The 711s are acting up in Pre, should they hold, they will
provide a nice shove higher, the same applies to the TNX as it
is overdue for a Pullback ON or ahead of the BLS Recalc tomorrow.
Patience as EPS Season approaches.
Operators tend to move Prices higher ahead of what will be
an abysmal Q4.
There have been no real warnings yet, Apple lead last go around
fro Q3 with an announcement of a 10 Million reduction in iPhone
Sales due to Semi availability.
Financials will lead this week with the LArge Money Centr Banks
reporting. Primary Dealers always seem to profit.
Heavy Put buying on NYSE Open was whipsawed Monday and reduced
to smoldering embers. They won't be back today looking for revenge,
it's too soon. Instead, they will pile in ahead of the BLS Recalc.