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Emergency Release - 10-09/2015

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On September 30th, I published this article, calling for the final installment (i.e., up leg) of the post-crash relief rally. Charts 1 and 2 below depict the recent action in both the Nasdaq 100 and S&P 500 futures continuous contracts (i.e., $NQ_F and $ES_F).  The $NQ_F's ideal reversal zone ranges from 4398 through 4410. However, do mind 4380 along the way. As for the $ES_F, the Expanding Triangle's upper trendline (aka. 'the a-c line') intersects the neckline around October 13th at ~2035. Hence, the anticipated reversal should begin mid next week.


Chart 1. $NQ_F chart analysis. A reversal is expected to begin from the ~4400 area.


Chart 2. $ES_F chart analysis. A reversal is expected to begin from the ~2035 area.


Trade smart,

Peter 


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