Top...Down...remember the monthly sets the trend.

Don't anticipate...wait for time and price to meet...

Price is your Reversals...Green for Bullish Red for Bearish...Magenta is the intraday trading crash support and breakout resistance.

DAILY NEAR-TERM OVERVIEW
This market made a new high today after the previous trading day. The market opened higher and closed
higher. The immediate trading pattern in this market has exceeded the previous session's high intraday
reaching 6856. Therefore, this market has rallied over the past 7 trading sessions and there is a potential to
move up for another 12 days. However, this session barely a new high,Nevertheless, this market remains well
above all seven of our intial support levels. Nonetheless, the market remains neutral on our system indicators.
This market has not closed above the previous cyclical high of 6966. Obviously, it is pushing against this
resistance level.
We did close below the previous session's Intraday Projected Breakout Resistance indicator which was 7125
settling at 6620 gesturing that the market is not in a breakout mode at that precise moment. The current
Projected Breakout Resistance for this session was 6987 which we still closed below. The Projected Breakout
Resistance indicator for the next session will be 7186. Now this immediate indicator in the current trading
session is above the current close offering projected resistance. Therefore, we either must open above it and
hold or close above it to imply the rally is still in play. Otherwise, failure to exceed 7186 during the next
session warns the upward momentum may be lost and a retest of support becomes possible.

Sp!ke