After poking through the 18125 gamma level on Friday, the Dow did close above 18060, which is the price level that was mentioned in the previous newsletter. However, since it could not close above the gamma level itself, it was no surprise to see a retracement from the Friday high yesterday.

The markets remain choppy at best and drawing closer to our next “time” pressure point next week does not help either. So, tread cautiously!

Please note that our system currently uses the Dow Jones Index futures price quotes from one particular service provider, whose price quotes may differ from those you are using. So, keep this in mind as you follow our price levels.

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