Today i have been a bit more quiet on the twatter stream because honestly i am really tired of this market and Mr. Puts needs to recharge his battery’s before September hits. What to expect in September? More of the same just with a bit more volume and more humans involved..
As for today Looks like the aglo’s have a case of the ‘Mondays’ as Peter’s neighbor would say through the wall.. Algo’s can see through walls but i think we all wish they would just say hello on the consolidated tape and stop with the BS games. Anyway as you remember Friday was August Opex which was as see saw session that ended up on the red side despite all the gunning from various trader desks all vying for the every elusive yet now ‘programmed’ pin.
The chart above highlights the anomaly of unrelated assets following each other when graphed pretty much to the T. You can just look at a chart of APPLE computers now and know what the ES_F and of NQ_F is doing. So for all intensive purposes i posted a nice little chart curtesy of TOS charting which aligns the gride of charts quiet nicely. We have CRUDE squeezing over 84 into pit close, (standard manipulation), the S&P500 and the NQ_F are both forming a H & S as well as the big boy APPLE. Apple is the lower right hand corner chart.
Levels of interest in the ES_F 1125 is being defended here, 1111 was the low, 1145ish was the high. 1130 is resistance as well as 2050 in the NQ_F . 2040 is support NQ_F.. if any of these levels are tested you can be sure over resistance and or under support there are buy or sell stops waiting to get ping ponged off of..
and Libya.. who cares.. the market doesnt.. we got bigger problems over in our neck or the woods… and that is the rest of the story.
|NQ 1 min|