23/10 Indices, page-75

A potential 'this is it' moment for the XJO Bull/Bear battle.

- A general confluence of 200W ema & sma's on the cash index and futures. Stands to reason this is a choppy trap-fest zone.
- If it gives up the ghost here there's a little bit of horizontal support and the lower edge of down-sloping channel and rising trendline from the June and October lows around 6770-6800 on the cash.
- Below that could / 'should' get ugly.
- Not that it seems to count for shi# as a contrarian indicator but 82% long on IG providing plenty of fuel for the sellers.
- Its holding so far and false break down and short squeeze risk ever present!