Onward and Upward

The Rally Continues As this is being written midday on Wednesday, the expected reflex rally has booked 278 pts of the expected 200-300 pts rebound in the DJZ4. The DJ traded up to 9975 with the US dollar up to 8548 and the US T-Bonds down to 113'10. The markets are now approaching short-term resistance and support levels. One possible scenario I'm watching for is continued movement in the past two-days' direction into the US election on Nov 02, setting up a reversal to test last week's extremes. The maximum targets for DJZ4, FVZ4, TYZ$, USZ4 and DXC are 10075-125, 110'24, 112'24, 112'16 and 8640-80 respectively. Note that DJ10000 however is a key psychological level to watch as well as there being strong resistance at 10015-10035.