Today is series s2L VERY SLIGHT iffy and the SPILL IS DOWN. Yesterday we had a GRAVY IN THE GAP VERY COMPRESSED (6 handle) day as price stalled at the 2nd of 2 places highlighted this week. First the BULLS cleared out and killed the 1669.51 CASH Monday. Next they attacked the GAP from the back through of the 1681.5 SPOT.FUTURES SUCCEEDED IN THE EFFORT TO FILL THEIR GAP.CASH DID NOT-”YET”.
The low on 8/14 was 1684.83 and the close was 1685.39, the bulls only saw 1684.09 yesterday.\
We are at a fairly large FOCB ZONE .We expected a move the 1651.5 2 of C or a move to 1667+ if the low “1632.5” critical spot was not converted to hard resistance opening up the 1613-1617 SPOT BOOKENDS. The actual low as 1625 within the margin of error of the 1627 SPOT.IT IS RAPIDLY BECOMING PUT UP OR SHUT UP TIME FOR THE BEARS. The Bulls want, need and must have the conversion of the 1689 SPOT to hard support. If they obtain that then the BEARS will have done exactly what they have done since the 1074 CASH LOW Oct.4 of 2011: DROP THE BALL as the BULLS CLIMB THE WALL OF WORRY –
-the most recent iteration of that wall of worry is: SYRIA, TEPERING, BEN REPLACEMENT, AND the return to ‘work’ of the POLITICAL CLASS in D.C. —
HONING-today we the BULLS have the odds on the LEAN NORMAL PATTERN for s2L and the BEARS have the INVERTED T’S with at LEAST 1 GOOD DOWN..IT IS THE FIRST DAY OF Expiry which normally produces a trending feature, and it is the last day with SEPT as we move to rollover pricing tomorrow. The GAP FILL is issue #1 with the PENCIL AND ERASER SET looking at the .707 @ CASH 1685.58 (fills gap), .764 LUCAS at 1690.27, and of course the .786 at 1692.08…
.BOTTOM LINE AND THE ISSUE MAY NOT BE RESOLVED UNTIL BEN NEXT WEEK BUT THE ORIGIN OF THE MOVE COULD WELL TRANSPIRE TODAY/TOMORROW: we are at the FOCB mentioned above and the BEARS NEED AND MUST HAVE THE (C) DOWN and the BULLS MUST GET THE 1689 CONVERTED.
Written By: William Blount
FV -.98 NUMBAHS S2L 09/11/ 2013 SEP. contract
DAILY WEEKLY
PIVOT 1680.8 1649.4
S1 1678.6 1635.1
S2 1674.8 1616.6
R1 1684.6 1667.9
R2 1686.8 1682.1
MAX H 1690.6 1700.7
MAX L 1672.6 1602.3
Range Projections
1679.7-1685.7 Primary 1642.3-1675.1
1676.7-1682.7 Alternate 1625.9-1658.7
TVS
1682.2 HIGH 1655.6
1683.5 LOW 1638.7
TWO DAY
1697.0-1700.6 HIGH
1669.4-1673.0 LOW
OPG 1680.7 1646.8
H 1683.0 1663.8
L 1677.0 1631.0
C 1682.4 1653.5
