October 18th, 2023 The bears have the momentum. The first thing I noticed this morning is how the 5-day moving average in ES (4387.50) is turning downward, and we had another close below my neutral level of 4006.50. Similar action in the NQ as the 5-day MA (15,237) has turned downward, and this morning we’re […]

IN THE OVERNIGHT 18 OCTOBER

Israel-Hamas headlines dominating markets overnight Pretty RED out there TOP STORIES OVERNIGHT Oil Jumps as Iran Steps Up Rhetoric Against Israel-BBG Oil surged as Iran called for an embargo against Israel by Muslim countries, following a deadly explosion at a Gaza hospital that raised the risk of a further escalation of hostilities in the Middle East. […]