Morning Thoughts November 21

Note the key levels on all the charts (accross asset classes) below. 

Our game plan is as follows:  Should we close well below all these support levels we would then expect a relief bounce that we would short.  If we bounce today and don't close below those support zones we will have to measure the strength of the bounce and consider adding a little long exposure via teh SPY for bucket 2.

The German Dax:

Eurostoxx 50



The other side of those support levels above of course is resistance on the dollar index chart:

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