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----- Original Message -----Sent: Tue Oct 9 6:40amSubject: Dilernia Report 9th OctoberDILERNIA REPORT 9th OctoberUS MarketsBoth ES and the DOW are currently supported at their weekly 50% level.The weekend report was looking for a push up into the weekly pivot highs before the reversal back into the weekly 50% level. Because the opposite has occured, this suggests the trend still remains strong.Tuesday’s open will provide traders with the potential of a break above Monday’s high and continue towards the weekly highs.SPIDaily system will be adding contracts on lower open todayAbove 6648 and expectation the R44 will complete.September highs 6655 (monthly breakout)~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~DILERNIA REPORT 10th OctoberUS MarketsBoth ES and the DOW opened higher on Tuesday and havecontinued towards the weekly pivot highs, confirmed with thebreak of Monday’s highs.All Global markets are trading above their September highs : - ES 1468 & DOW 14124.It is extremely hard to see any weakness in US markets even atthese highs. At this stage I would view US markets with daily ranges that have an UP bias but those ranges will become smaller.Further push upwards towards 14309, with last weeks highs assupport on DOW (14190)SPIDaily system will be exitting contracts on today’s higher open to be neutral.Risk 6765Gap open on Daily range, the expectation that the gap will fill and could continue down into 44 points...(trading below 6765)Downward:- below the pivots and expectation is that44 points will complete. There is obviously going to besome support around the previous 2-day highs, so any ‘shorts’look for 22 point moves, with the hope of it contining down into R44 points (system matching) Trend remains up, above 6765 expectation:- September higher breakout of 6655, and market dynamics in this quarter pointing to 7000+.
----- Original Message -----
Sent: Tue Oct 9 6:40am
Subject: Dilernia Report 9th October
DILERNIA REPORT 9th October
US Markets
Both ES and the DOW are currently supported at their weekly 50% level.
The weekend report was looking for a push up into the weekly pivot highs before the reversal back into the weekly 50% level. Because the opposite has occured, this suggests the trend still remains strong.
Tuesday’s open will provide traders with the potential of a break above Monday’s high and continue towards the weekly highs.
SPI
Daily system will be adding contracts on lower open today
Above 6648 and expectation the R44 will complete.
September highs 6655 (monthly breakout)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
DILERNIA REPORT 10th October
Both ES and the DOW opened higher on Tuesday and have
continued towards the weekly pivot highs, confirmed with the
break of Monday’s highs.
All Global markets are trading above their September highs : - ES 1468 & DOW 14124.
It is extremely hard to see any weakness in US markets even at
these highs. At this stage I would view US markets with daily
ranges that have an UP bias but those ranges will become smaller.
Further push upwards towards 14309, with last weeks highs as
support on DOW (14190)
Daily system will be exitting contracts on today’s higher open
to be neutral.
Risk 6765
Gap open on Daily range, the expectation that the gap will fill and could continue down into 44 points...(trading below 6765)
Downward:- below the pivots and expectation is that
44 points will complete. There is obviously going to be
some support around the previous 2-day highs, so any ‘shorts’
look for 22 point moves, with the hope of it contining down into
R44 points (system matching)
Trend remains up, above 6765 expectation:- September higher breakout of 6655, and market dynamics in this quarter pointing to 7000+.
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