Tuesday, October 11, 2016

Tuesday, October 11, 2016 Morning Comments by Michael Blythe

Tuesday, October 11, 2016 Morning Comments by Michael BlytheSocialTwist Tell-a-Friend

Good morning. Sub 1 million total volume yesterday on the bank holiday. Today’s calendar is light and the overnight price action/volume isn’t appearing to make any noise as it looks like more of the same for the benchmark equity futures until at least tomorrows FOMC minutes.

2172 (***) Third Target + Pivotal Resist

2168 (**) Second Target + Strong Resist

2163 (**) First Upside Target + Resist

2155 (*) Early Pivot

2151 (*) First Lower Target + Some Support

2148 (*) Second Lower Target + Some Support

2143 (**) Third Lower Target + Better Support Area

2137 (***) Fourth Lower Target + Pivotal Support Area

All the best;

Michael Blythe
Futures Strategist
Hamzei Analytics, LLC

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