Hello Everyone,

Following the big spike down (bearish engulfing candle) on October 10th, the SPX/QQQ oscillated within that days range for the next nine trading sessions.   On Friday, both the SPX/QQQ broke out of range with upside gaps following the CPI report.  As stated last Thursday, the bulls were in control (break of structure on intraday time frames to the upside) prior to the CPI report and remain so at this time.

We have a very busy event filled week upcoming with the FOMC Decision, MegaCap Earnings, and the ongoing US/China trade talks being most prominent.  

Here's a link to Tonight's Newsletter.

Please take a moment to look at the trade ideas.