Thursday, July 23, 2015
#ES_F #NQ_F & #IWM Bias Update & Levels for Thuesday, July 23, 2015
Right now all three indexes ESU5/SPY, NQU5/QQQ, and TFU5/IWM have macro lower highs to be Short against, especially in TFU5/IWM which has been a bearish
divergence for most of this week other than yesterday.
Today I will be looking to start new swing Short positions in all three indexes if
any or all three indexes bounce to +3Sigma
or even at center Sigma and I will
do so as long as ESU5 holds below 2114s, NQU5 holds below 4635s,
or IWM holds below 125.80. Once/if above these mentioned
levels I will negate my short-term Short
swing bias, and then re-engage at higher mapped out levels depending the
daily and 60min Sigma & CI indicators.
Once engaged in the swing index Shorts I will then be looking for ESU5 to breach below
2098s-2094s zone to confirm the Short
bias, NQU5 below 4578, and IWM below 123.55
otherwise there will be better chance of more sideways chop and grind before
another attempt to make new ATHs.
Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC
Hamzei Analytics, LLC
Thoughts and #CL_F Levels for Thursday, July 23, 2015
Until CLU5 is first
above 49.75-49.80 zone then above 50.35 there is still potential for
lower. If so 48.70 is a potential
lower target for today and then 46s/45s
in the coming days/weeks.
Although the CLU5
short-term and macro charts are indicating lower I am not stalking a new swing Short until/if at higher levels; I am also not ready
to get Long yet either until once/if back above 49.80 or at
lower levels.
Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC
Hamzei Analytics, LLC
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