New Month - New Trend.

While today was a squeeze we at least had good indication of pivots and clear forcasting on future direction.

Looking at the 480 above we see that the trend change began Sunday night. I hate when that happens. I'd rather not get into a trade until morning.

On the Daily, it's a little early to tell but it appears that we will continue this rally from this pullback. We've put in a decent bottom on support.

The 240 above is forecasting more upside with the HMH peaks in the FRO.

Warning: Futures trading involves risk. You can lose all of your capital and more. Consult with your financial adviser to determine if futures trading is suited for you.