Hammers74Mi @Hammers74Mi: "Good morning Colleagues, the week..."

Italy

Good morning Colleagues, the week ended with $VXX remaining at standard levels with decreasing volatility. $SPX500 has practically recovered all the retracement from the beginning of August, returning to the previous highs. The index is currently at the previous daily and weekly highs. Also note that the amplitude is at high levels and furthermore the indicators indicate a long setting but with decreased strength. Alarm bell given by $QQQ which has not retested the highs and therefore is not aligned with $SPX500 . At the moment $VTI is close to important resistances and therefore we need to see how it behaves. However this month I remain on the sidelines waiting for other retracements because now we have reached important levels. $GLD is also at important levels and could generate a retracement of $DJP as well. Instead, a further rise in $UUP after this week should be considered. There is not much to put on the watchlist: wait for this month, a typical period of retracement. If you liked my analysis please like and follow my page for future updates. Thanks for your attention and good trading.

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