Support: 17835, 17639
Resistance: 18000, 18065
Game Plan: Despite all negativity, Dow has been able to hold Sept lows. Continue to watch Dow for cues of broader market sentiment – if break below Sept lows, watch out for a waterfall drop.
Support: 2080, 2067
Resistance: 2102, 2116
Game Plan: Remains in sell the rally mode as it continues marred in bearish channel since losing 2100 support.
Support: 4653, 4623
Resistance: 4700, 4750
Game Plan: Another level down in the elevator after plunging through 4700. Old support now is strong resistance at 4700
Support: 44, 43.4
Resistance: 46.1, 46.9
Game Plan: Another leg down as the steep down channel continues to dictate the ST trend.
Support: 1287, 1267
Resistance: 1306, 1328
Game Plan: Defended support off up channel with a sharp up spike. Jury still out which way it breaks out from here, trade the range in the meantime between 1267 and 1306.
10-Yr Treasury Note
Support: 129.75, 129.27
Game Plan: Bounced off broken descending trendline. Sideways trading between horizontal resistance and the trendline.
US Dollar Index
Support: 97, 96.5
Resistance: 97.52, 98
Game Plan: Pause in down trend after finding support at key Oct swing point. NFP will determine fate whether we plunge further to up trend support or back to 98 to form potential right shoulder
Support: 16840, 16700
Resistance: 17160, 17280
Game Plan: LT trendline support gave Nikkei a lift off the lows but remains in a steep downtrend. All eyes on NFP and the US Dollar.
Support: 102.55, 102.16
Resistance: 103.3, 104
Game Plan: Bleeding has stopped and a break back above 103.3 would point to squeeze further to 104.5 area to form right shoulder.
Support: 1.1050, 1.1026
Resistance: 1.1112, 1.1131
Game Plan: Finally stalled at cluster of trendline resistance above 1.11. Likely pullback further towards towards low 1.10 area before the next leg up
Support: 1.2450, 1.2302
Game Plan: Consolidating gains after massive spike up above crucial down channel. Wait for overbought conditions to get worked off before jumping in on the long side with ultimate target at 1.27
Support: 0.7666, 0.7631
Resistance: 0.77, 0.7720
Game Plan: Broke triangle wedge without conviction and follow-through, hence directionless trading continues between horizontal resistance and broken triangle wedge
Game Plan: Still can’t break loose after taking out swing highs from earlier October, bounded by upper channel line and in a tight range. Buy on break above 1.345 or at 1.3300