sp'60min
IWM 60min
Sp'weekly
I actually under-estimated the weekly cycle, the 10MA still went higher at the open 1379/80. That's one good support for this morning. Other indexes broadly look the same.
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The hourly cycles, look pretty low, we'll surely trundle up a bit from these levels. The only issue is how far.
Considering 'everything' else, a further wave lower for Tue/Wed still looks very viable.
For those that use stops, this is simple. buy the morning low....sell into whatever level of bounce we have later in the day.
Anyone short should have bailed by now, they could always re-short later in the day, if they still believe 1375/65 is going to hit.
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More later in the day.