Today, it appeared that it was the turn of the DJIA and RTY to turn lower with the DOW closing down 500+ points. The NQ initially move higher to complete a small 4th wave with the market moving to fresh new lows @-19759 to complete the internal 3 of 3 as labeled. Thus far the markets continue to be moving lower within the framework of Minor 4th waves. Tomorrow is expiration for July, and it could contain several points of quick flipping between declines and rallies. In the context of the current move the declines should be stronger than the rallies. Volume was much stronger on Thursday with the futures for Sept totaling 952,000.
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Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
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