I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
4,111 Blog Posts

July Kicks off With a Pump

When the clock struck midnight and it officially became July, the market went on a pure, unadulterated 16 handle run off the lows of the globex session.  The move tested the RTH highs from Friday at 1610 before retracing just above 1600.  A second test of the 1610 level occurred, giving us five touches of this level.

Should it be tested again in RTH, I’ll be playing for a move though it and up to 1614.

I’ve noted other key levels for today’s trade on the following bar chart.  I upgraded NinjaTrader over the weekend and haven’t managed to work all the bugs out.  Therefore I will be trading without my profiles today, aka V.F.R.

Click to enlarge:


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