Wednesday Things to DO:
1. Upgrade to TradeMaven 4.1.7 - GET it HERE - www.tmdownloads.com
TradeMaven's latest version is now released, link above, if you have questions about upgrading give us a call.
2. Reports to Keep My eye on - MBA Purchase Applications 6am Central, Productivity and Costs at 7:30am, and Consumer Credit at 2pm.
3. Write Down the Pivot Levels on Josh's Blog - http://takethetrade.blogspot.com
4. Take The Trade!
AND DON'T FORGET: Market Profile Training! - join me in the online training room at 3:30pm Central at www.trademaven.omnovia.com/tmaven - password is TradeMaven. We are going to continue our training from last week covering value in the markets and how to use the pivot levels.
"Relief Rally" was a new term I learned today - it means this is a short upturn in a downward trend. - With little news to suggest a reversal, and little long term technical info - I think the trend will continue DOWN - I may be wrong, but I think Consumer Credit will be the fundamental news to watch - Daily Open Interest will be what I'll check in the a.m. Use the numbers!
Pivot, Support and Resistance for Nov 7th: