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Re: If the close tomorrow is below 97.05, Nagual!
The close (settle) exactly 9705 is not good imo, longer term.The market is making a high daily cycle within sept 5th-11th. So far the high of this cycle is 9745, but we still have September 9th,10th,11th in this time frame for the cycle. If it does not make higher highs than 9745 and breaks 9500 next week,i will see it visiting lows again for the next daily cycle within sept 18th-24th.
In the weeklies there is a high weekly cycle within weeks ending September 6th and 20th. So far there is a high of 9745 done this week of the 6th.
Seasonally, September is a bearish month, based on statistics of 15 and 40 years.
Lets see what next week will bring.