NQ
Internally, above us, we have 25,215, then 25,233, and 25,365-388. Below us, we have 24,698-677, 24,578–558, and 24,522.
We’re currently sitting inside the 5-day composite at 24,908 early London, above the POC sitting at 24,813. The composite high is at 25,000; acceptance above opens up our upper levels as noted above. Beyond those, we have 25,460 - though, as a weak pivot already tagged, then 25,968, 26,178, and 26,257-72.
On the downside, pushing through our lower levels and accepting below the composite low of 24,698 and our lower 500 levels opens up 24,478 - a loss of this opens a run of the lows at 24,238. Then, lower we have 24,145-190, and then 24,030. A loss of that opens up a run through 23,800 to 23,650.
ES
ES remains pulled around by the dollar in a range from 7043 down to 6750. Until we see a clear break through these areas or rejected attempts, direction remains hard to be convinced on. Usually, fading edges becomes a strong choice of strategy in these circumstances.
GC
London mid-morning, we’re currently sitting at 5,046, internally above we have 5,091, 5,178, and 5,248. Above that, a weaker pivot at 5,340 before the main one towards ATHs at 5,555
Below, internally, we have 5,010 and 4,932. Then, we have 4,885-76, 4,807, then weaker pivots 4,744 to 4,714 ahead of 4,607 and 4,521.
Cable (6B)
Cable (6B) is looking weak due to rhetoric and data coming out from the UK. Resistance now set at 1.3520 and 1.3640, with a view to testing 1.3350 and, further down, at 1.3277 possible.
DAX
Dax has pushed higher over the week. With 25371, the recent high closing daily gaps, this area becomes key for a push higher. A clean break and a set of closes above here open the way to all-time highs at 25641.