DTI Daily Rundown - August 17

On TBUZ TV Today: 4430 Pivot. 4460 Resistance 4410 Support Opens: 2023 3895.00; 3rd Quarter 4485.50; Month 4608.75 Wednesday Night Planning Recording: https://vimeo.com/855210212/f9a236b9ab Weekend Side Hustle window opens today. 80/20 at 9:15am followed by RoadMap Training with new features

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Market Review: Trend: When we talk about trend, we need some clarification. Which trend? In the ES futures the Quarterly trend shows the market still moving higher. It would take a break of last quarter's low at 4062.25 to change that. Being below the open of this quarter certainly makes a suggestion. On a monthly perspective the low of August moved below the low of July thus ending an uptrend. The weekly chart shows a solid downtrend that started in early August. On a daily trend, August 15 was an outside bar, higher high and lower low than the previous day. On August 16 the market moved to a new low without making a higher high. That is the ground floor of the daily trend. Already on August 17 the market has made a lower low. The daily trend is moving down. Perspective shows us the many trends that exist in the market.

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Current version of RoadMap 7-12-2023

Major Events: Aug 23 Flash Manufacturing and Services PMI Aug 25 Consumer Sentiment Aug 29 Consumer Confidence and JOLTS Job Openings Aug 30 ADP Employment Key Numbers Opens: Above or Below 4617.75 is the open of the Month 4485.50 is the open of the Quarter 4485.00 is the open of the Week 4420.50 is the open 3895.00 is the open of 2023

What's Hot and Not! The White Bars: As we get into the smaller intraday trends it becomes important to have a point of reference. In the RoadMap Software we have established certain times as Reference Bars. There are 4 throughout the day. In this ever-changing market though, we need more. Reference Bars X, Y, and Z allow you to customize these points of reference.

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