Wednesday’s Futures Setups

The question for the S&P
(
SPU2 |
Quote |
Chart |
News |
PowerRating)

and the Nasdaq 100 futures
(
$NDX.X |
Quote |
Chart |
News |
PowerRating)
is whether recent action is a pullback or a harbinger of more
downside? The charts seem to point to more weakness at this juncture.


For CVR signals, look at the
TradingMarkets.com Market Bias Indicators


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Pullback From
The Low






Contract

Setup

Direction

Trigger
Copper
(
HGZ2 |
Quote |
Chart |
News |
PowerRating)

Pullback from low
DOWN break below .6905
U.S.
Dollar
(
DXU2 |
Quote |
Chart |
News |
PowerRating)
Breakdown
from slanted triple bottom
DOWN break below 106.81
Treasury
Bonds
(
USU2 |
Quote |
Chart |
News |
PowerRating)

Breakdown from slanted triple bottom
DOWN break below 109 ’00


Pullback From The High






Contract

Setup

Direction

Trigger

Sept.
10-year note
(
TYU2 |
Quote |
Chart |
News |
PowerRating)

Pullback
from high

UP

break
above 112^230

Nov.
frozen OJ
(
JOX2 |
Quote |
Chart |
News |
PowerRating)

Pullback
from high

UP

break
above 102.95
Swiss Franc

(
SFU2 |
Quote |
Chart |
News |
PowerRating)
Break of
trendline
UP break above
.6716
Soybean Meal
(
SMZ2 |
Quote |
Chart |
News |
PowerRating)
Pullback from high UP break above 171.60
Soybeans
(
SX2 |
Quote |
Chart |
News |
PowerRating)
Pullback from high
UP
break
above 545 3/4

Please note that while there are
strong trends in some

commodities
, one bar or a series of bars forming a setup can sometimes
indicate a contra move for the next day. This contra move may not be
long-lasting — maybe only for a day or two. Trading with the main trend is
always the highest probability trade.

Use stops on all your trades.