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DOW & ES

US markets both completed the 2-day upswing from a lower
weekly open, both stalling at the monthly 50% levels.

DOW 13340 & ES @ 1471

The weekly 50% levels in both markets will play an important
role for the remained of the week, because a rotating
weekly timeframe, which closes higher on Friday will be
supported, as happen last week.

A weaker weekly timeframe will sell-off from the monthly 50%
levels an break back under the weekly 50% level and continue
down.

DOW 13235 ES 1464.

SPI

Market rotation going on from lower daily opens and higher
daily opens, with todays higher Spiral point @ 6325, any
rotation down towards 6184 if any weakness in US markets
tonight.

If 12th September is the doomsday using historical patterns, then
we should all know by tomorrow the likelihood of markets
coming under pressure once again…

Or it’s just the case of the markets moving in a
multi-sideways weekly pattern and more consolidation and
swing trading for a few more weeks, which I much prefer!

Frank Dilernia

<blockquote data-quote="Frank D" data-source="post: 201286" data-attributes="member: 4896">DOW &amp; ESUS markets both completed the 2-day upswing from a lower weekly open, both stalling at the monthly 50% levels.DOW 13340 &amp; ES @ 1471The weekly 50% levels in both markets will play an important&nbsp;role for the remained of the week, because a rotating weekly timeframe, which closes higher on Friday will be&nbsp;supported, as happen last week.&nbsp; A weaker weekly timeframe will sell-off from the monthly 50%&nbsp;levels an break back under the weekly 50% level and continue down.DOW 13235&nbsp; ES&nbsp; 1464.<img src="http://datafeeds.com.au/DOW12-9.gif" alt="" class="fr-fic fr-dii fr-draggable " style="" />SPIMarket rotation going on from lower daily opens and higher daily opens, with todays higher Spiral point @ 6325, any&nbsp;rotation down towards 6184 if any weakness in US markets&nbsp;tonight.<img src="http://datafeeds.com.au/SPI12-9.gif" alt="" class="fr-fic fr-dii fr-draggable " style="" />If 12th September is the doomsday using historical patterns, then we should all know by tomorrow the likelihood of markets coming under pressure once again…Or it’s just the case of the markets moving in a multi-sideways weekly pattern and more consolidation and swing trading for a few more weeks, which I much prefer!Frank Dilernia</blockquote>

[QUOTE="Frank D, post: 201286, member: 4896"] [b]DOW & ES[/b] US markets both completed the 2-day upswing from a lower weekly open, both stalling at the monthly 50% levels. DOW 13340 & ES @ 1471 The weekly 50% levels in both markets will play an important role for the remained of the week, because a rotating weekly timeframe, which closes higher on Friday will be supported, as happen last week. A weaker weekly timeframe will sell-off from the monthly 50% levels an break back under the weekly 50% level and continue down. DOW 13235 ES 1464. [img]http://datafeeds.com.au/DOW12-9.gif[/img] [b]SPI[/b] Market rotation going on from lower daily opens and higher daily opens, with todays higher Spiral point @ 6325, any rotation down towards 6184 if any weakness in US markets tonight. [img]http://datafeeds.com.au/SPI12-9.gif[/img] If 12th September is the doomsday using historical patterns, then we should all know by tomorrow the likelihood of markets coming under pressure once again… Or it’s just the case of the markets moving in a multi-sideways weekly pattern and more consolidation and swing trading for a few more weeks, which I much prefer! [b]Frank Dilernia[/b] [/QUOTE]

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