“Determination is the strength that will enable you to pass the barrier of useless thoughts in order to create positive thoughts and to be successful in whatever you wish. It comes from within and its partner is patience. Patience teaches you not to push but rather to wait and appreciate the game of life instead, knowing that nothing remains the same, and everything will change at some point.” – bkwsu.org
No change in outlook from our side as we move into the last trading day of the week and quarter. It will be very interesting to see if the magical bid returns into equities to avoid a nasty close into this long weekend or if indeed, this healthy retracement will continue and give everyone plenty to talk about before we get back into full swing of things on Wednesday.
Readers are well aware of our current stance on the NQ, where we feel something broke on Friday 9th and indeed, action seems to be confirming this. However, it is important to note that what we have witnessed so far, across the board, is merely a flesh wound… nothing to write home about; at least, not yet.
In other news, we are watching GC and ZBs very closely, more on this in the near future… here are some key charts and levels for today:
As always there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.