Subject: Imagine something as simple as that...

TAOST Weekly Wrap
Friday 7 September 2018 
Quote of The Day
"When it comes to compounding I'm not sure everyone understands that percentage losses and gains are not equal.  I've always managed to avoid the large losses.  Imagine something as simple as that being one of your secret sauces."

-- Frank Martin
And there you have MY simple secret sauce.

SPX Weekly

DJIA Index Weekly

Nasdaq 100 Weekly

Nikkei Weekly

German DAX Index Weekly

FTSE 100 [UKX] Weekly

TNX [10 Year Bond Yield] Weekly

Crude Oil (CL-Futures)Weekly

Gold [GC-Gold Futures] Monthly

Bitcoin Daily
The ES S&P Emini
TAOST Weekly Balance Zone did a good job arresting the decline in the ES last week.  It's likely no coincidence that the previous high [2889] is in the neighborhood too.  Price was also helped by the congestion area(s) noted on the Daily chart.

Next week, expect a bounce Monday and/or Tuesday, especially given the position on and structure of the swing chart [120m].  I expect price will then settle in and give us some guidance on future direction.

Also expect a bit of craziness in the ES anyway given it rolls to the December contract this week.

ES Weekly Chart As of 7 September 2018

ES Daily Chart As of 7 September 2018

ES Swing [120 Min] Chart As of 7 September 2018
As always, make up your own mind and mind your risk no matter what you do.​​​​​​​

KIS,
The Trader​​​​​​​​​​​​​​

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