#ES_F #TF_F #NQ_F Bias Update and Levels for Monday, July 27, 2015
The macro lower high formation mentioned late last week in all indexes including AAPL as well is continuing at the start of this
week, and until this formation in breached I will remain swing-Short via SPY puts
from Thursday morning.
For today IWM must remain
below 122s in order to continue
lower to 120.20, ESU5 must remain below 2080s-2082s zone for chance of reaching
2055s/54s, NQU5 must stay below 4582s/83s
to reach 4495s/94s, and AAPL must hold below 125.30 for chance to reach the first
lower target at 122.20 then a key
support at 121.80.
Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC
Hamzei Analytics, LLC