End of Month, End of Q3

6510 Stall or Headed to 6600?

Good evening!

I hope everyone had a great weekend. We’re back at it once again and right back to where we want to be, nesting in the zone above 6488, after our BIG negation on our August 22nd flip date! Not only did we get range but a whopping 132 points worth! This allows our odds to be back in play for our 6510 retest and 6522-6532 breaks. Considering we’ve got odds for our Q3 targets to trigger this week for month-end/end of Q3, we’re are likely headed towards that 6550’s-6560’s.

It would be ideal to get some proper structure breaks and ideally by the 26th. This would mean the 6510 retest. Similar to August 6th-7th and 12th-13th, we had a ton of pressure applied on August 21st and 22nd to get back to those annual ranges. Hitting our annual ranges of 6471-6478 etc., on the 12th-13th, put high odds in play to reclaim by the 22nd after stalling 6508.75.

Let’s review the conditions for this week, shall we?