Weekly Index Commentary Using STOPD

Bulls lost control of previous year close.

Expecting volatility to stay high even if it may not be increasing further.

 

Last week, epic fight by the central banks to keep the illusion alive.

NQ complex top forming, can they fend that off too?

 

Sell off started last week and can end abruptly this week.

Not an environment for the newbies.

 

Option expiration week. Time to review the survival guide. =)

 

Month end play this week.

 

Here we go, NFP week again.

 

ES short term support 2050-2060

 

Support tagged, being able to close above on daily basis will give us a consolidation week to play with.

 

FOMC + op-ex craze is over.

ES is still in correction phase.

 

Correction as expected.

This week up drift possible in the beginning of the week but it may not end well.