Buy the dips, we need a dip from the $ES_F 1345 area $study

Around the Globe

Asia – CLOSED
• Shanghai (China) +1.07%
• Hang Seng (Hong Kong) +2.44%
• Nikkei (Japan)+1.96%

Europe as of 6:20am EDT

Today's Economic News:

• DAX (Germany) +2.03%
• FTSE (UK) +1.06%

Quote of the day:
The multitude of books is making us ignorant. – Voltaire

Current Allocations from our room: (100% CASH)

Performance Month to Date from our room:

Current Breadth Readings:

ES SP500 Futures Comments:

TLT Twenty Year Bond EFT Comments:

For our breadth chart of the day, we are looking for our 40 DPI to make another higher high confirmation signal today.  One more chart needs to come into place before calling a reversal and a longer term upside trend.

Short Zone: 1344 ESU

Buy Zone: 1312 ESU

Market is very strong and breadth is looking good.  We think there is some resistance to the upside present in the 1345 area, a proving area that will need a running start from a lower price to break.

For that run at the 1344 area we would like to see a pull-back to 1312 which we would eye for a long.

Today begins O P E X!

US Dollar DX Futures Comments:

This is the area we would expect to see a retest of the 84 price.  We would get long close to 82 with a stop at 81.40.

Technically we like a bounce here up to 129/130 area and then a collapse.  That would require the markets to pull back and make another test of a bottom.

4

>>> Follow us @TopTickTraders <<<<<

DISCLAIMER: The information and data in the following report(s) were obtained from sources considered reliable. Opinions, market data, and recommendations are subject to change at any time. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any commodities or securities. TTTHedge.com, its  officers, directors and its contributors may in the normal course of business, have position(s), which may or may not agree with the opinions expressed in this report. TTTHedge.com, its officers, and directors are not agents, representatives, or affiliates of the CME Group or any trading entity. Trading Futures, Options, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in these report(s) will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.