FUTURES QUICKSHEET

Big further liquidation lower in US equities. Bearish posture around. The question now will what happens next with FOMC on Wednesday. Most likely we balance in the direction of the breakout to attempt to pull 5D value lower. Otherwise, FOMC will take us right back to composite value. ES, NQ, and RTY have all traded close to their monthly and weekly implied lows. Again, caution chasing lower, but respect the…

Asia on Holiday to start the week. ES in auction extreme.....caution chasing lower!! The Gold / Platinum (or Palladium) pair remains in play. Click the image below to view the QUICKSHEET:

We got the reversals higher in ES and NQ to change posture and set us up for continuation higher into OPEX. Different postures for ES, NQ, & RTY mean the equity auction is less directional convicted. Soybeans are in extreme for Thursday.   Watching for failure. Natty Gas found sellers and is seeking the 5D.  Crude is not quite in auction extreme, but it is significantly above MVWAP.  Watching for some…

ES met the target prior composite level at 4428 and has migrated 5D value lower. NQ has migrated value as well.  Looking for potential reversals higher in ES and NQ on Wednesday on early failure lower. Hogs are still on the radar.  Palladium new on the radar for longs.   May look to enter this one in a spread (short Gold / Long Palladium). Wheat began moving higher Natty Gas remains…

US equities continued where they left off on Friday with NQ achieving the key downside objective for the week. For Tuesday, we'll be looking for potential bounces in Wheat, Lean Hogs and Bitcoin.  Natty Gas is worth keeping eyes on for exhaustion to the upside.