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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)


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DILERNIA REPORT 10th October


US Markets


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)



SPI


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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