Welcome to the Traderfy Trend for August 18, 2015.
This morning we see the E mini S&P 500 futures $ES_F continuing to be in an uptrend that started midday yesterday. Should the up auction become more aggressive I will be looking for the three day rolling R1 at 2108.50.
Bond futures, $ZB_F, have just started a new down option as of 7 AM Central standard time. a reasonable target expectation would be the three day rolling S1 at 157’28
Having been in a down auction for several days, we find crude oil futures $CL_F attempting to transition into an upward move. The key to this transition is $42.50. Also note, this vehicle is rolling to the October contract.
Have a great trading day and be sure to share your thoughts below. I will be updating this post throughout the day to make sure to check back in.