daytrading oct 10 morning

Good morning traders, Thanks HLL for the pre market wrap.

Had to steal one of your lines.

"We're in the sobering up period,"

Looks like the beer goggles are coming off at last.

The market seems to have found a reason to be wary after IMF growth figures were ratcheted down a few notches and middle east tensions continued to rise.

Also with the XAO reaching into overbought territory, with an RSI of 71.31, it is no surprise our futures are pointing to a soft open.

A continued rise in the USD index would not be ideal for US markets and would be watching to see if it convincingly pushes past 80.

A big gap in announcements from ASX yesterday afternoon , hope they fixed the problem, seems ok now.

Check your open orders and good luck.