FOR WEDNESDAY: (10/3) Lots of Fed Speak on Wednesday and trade congesting into Friday’s employment report. Coming up to a lot of turns and will be hard for stocks to go up too much past next week. The dollar looks like it will run out of steam and oil also while metals look like they have early life, which is contra-seasonal.
DEC. E-MINI S & P 500
S & P ANALYSIS FOR WEDNESDAY: (10/3) If ranges are tight on Wednesday, we might see 2921 support and 2939 resistance. Cycles look higher overnight and could hold up on Wednesday. Congestive trading before Friday’s employment report. We still see a good chance for 2960 and 2992 in October if we’re patient.
CYCLES OVERVIEW: Higher into Wednesday.
Comments are closed.