Composite: After range extension down on Thursday, we bounced back up on Friday to the 1286 zone. The bulls need to get above the 1290 area to get this thing going. Bears need to take out and hold the 1275 area.
15 Minute: Key zones marked. Yesterday was 'b' shaped profile. Probabilities favor upward trend resuming in the next few sessions.
5 Minute: Key HVN/LVN's marked as well as zones.
Globex: Overnight condition was in a down trend for most of the night, but we now have reversed after McDonald's inline earnings. VPOC is slowly creeping back up. Composite levels now marked in dark red and dark green. Expect OAIR.
Hypothesis/Plan: Overnight profile also 'b' shaped so upward trend could resume today. If we open in range, I will look to by pullbacks unless the market tells me otherwise. If the market opens below the range, I will look to sell rallies.
Quote Of The Day: "The men who have succeeded are men who have chosen one line and stuck to it." ~Andrew Carnegie
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