Description
⋅ Nick Stott "Camarilla" Pivots for September 2019
The most important Camarilla levels are the third and fourth levels, where typical trade actions are:
Resistance 4 Long breakout
Resistance 3 Go short
Support 3 Go long
Support 4 Short breakout
Nick Stott, " It doesn't predict anything. I'm not a fortune teller. All it does is tell you what to do IF certain things happen tomorrow."
For monthly pivots, got above 2990l, so next monthly target is 3056.
Next quartely targets are at 3010 and 3076.50 - See my other post for quarterly pivots:
Full moon occurs Sep 14th (Sat), but first trading day after full moon is Sep 16th.
FOMC Sep 18th for widely believed .25 rate cut
cmegroup.com/trading/interest-rates/countdown-to-fomc.html/
Quad witching Sep 20th.
and the meeting with the Chinese was pushed out till Oct.
Lots of fuel to drive to 3076.50, but on thing at a time, let's get above 3010, then 3056, then 3076.