Interpreting market movements in a whole new way
Interpreting market movements in a whole new way
This broad-based currency weakness with China stealthy move on a gradual devaluation of the Yuan and vital currency pairs like the USD/JPY on a pull-back - what should you expect of the indices next week? Is this sell-off today done and are we likely to squeeze next week? What do you think? Sure, we always like to squeeze into resistance so that market makers get the fills they seek but are you prepared for next week. Here is what we see:
For the index futures - we present a table for where we are bearish in continuation of our playbooks that our subscribers received before 7 am today.
Instrument Level that we remain bearish below
ES 2851.50
YM 25506
NQ 7470
RTY 1700
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