“What we can or cannot do, what we consider possible or impossible is rarely a function of our true capability. It is more likely a function of our beliefs about who we are.” – Anthony Robbins

Most gaps from the Sunday euphoria are done. As discussed in yesterday’s webinar, you have to be suspicious when every talking head, pundit and punter is absolutely certain of any given outcome. As a general rule, we have and will continue to fade these situations.

Our main focus remains on price and on how markets react are specific levels. Remember that this week will likely prove to be pivotal in setting the tone for action into year end.

Here are some of the charts we will be updating and discussing today (charts can be loaded by clicking on the bullet title):

• Nikkei and USDJPY breakdown, range and inflection point.

• Bigger picture Bull/Bear lines in ES/NQ/YM/RTY.

• GOLD $ DXY.

• EURUSD 1.13 rotation + seasonal pattern.

• ZB cyclical support inside chop zone.

• SPX still in range.

• NDX key inflection point.

• Crude, the 200WMA and waiting for OPEC.

If you missed our latest update heading into this weekend and our discussion focusing on the possible repercussions on equities and the dxy, you can watch the recording > HERE.

Note for active 50Scouts members: *make sure you read out latest update* and keep an eye on your inbox for a free pass to Friday’s daily webinar session (make sure to check your spam folder too).

If you are interested in a more structured way of tackling the business of trading, attending a live daily morning call or a more detailed discussion on the charts we post / trade ideas, don’t hesitate to check out our Premium content.