10.23.13 Short-Term High?

Yesterday’s price action saw an aggressive push higher into the daily money-box zone only to reverse down as quickly as its ascent. This type action has potential of marking a short-term high. Violation of 1736 will confirm 1754.50 as high…Bulls need to hold 1736 to keep the recent drive alive.

Violation of 1736 (and hold below) suggests a sentiment shift with downside targets 1730, down to 1723 – 26 zone. Currently, as of 8am ET, price is trading at Three-Day CPZ (3D CPZ) 1739 – 41. We will mark this zone as “key support” and evaluate the pit session’s response.

Dynamic levels and setups will be actively conveyed by room moderators.

Good Trading…David

Habitude Ten
I know anything can happen, and I can handle anything that does happen. I am open minded. My thoughts and perceptions are clear. I know what to look for. I have rehearsed everything. I adapt to change. I will listen to my indicators and the patterns that emerge. I will adjust and not demand that things continue as they first started.

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