Super Thursday

“The only way out is through.” – Carl Jung
We are looking forwards to more action into the end of the week. If you are an active 50Scouts member: keep an eye on your inbox for a free pass to Friday’s daily webinar session (make sure to check your spam folder too), we’ll have plenty to discuss and review. 😉
As much as things have stabilized in the US, foreign markets are still struggling. We recently reviewed DAX and FTSE in detail but take a look at some of these other charts…
Make sure you keep on watching the bonds. As we have been warning repeatedly, still no sustained bounce in sight and all the other asset classes will be forced to pay attention and adjust…
In terms of equities, it’s all about recent lows vs the highs we made yesterday. If those highs give, then we would expect another push back towards all time highs (as discussed in our recent morning call). Don’t forget to watch intraday action on Boeing and Amazon for clues. Here is the NQ chart to give you an idea of the dynamics (ES and YM are very similar and we’ll be redrawing and discussing those live today). If you had to focus on one, ES is clearly the most technical and purest for now…
Reminder if you are interested in the Foundational Webinar Series > New Session.
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.
Wishing you a great day ahead.

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