“Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.”
Crude Oil is bullish and trying to re-test the highs, but we’ve started trading sideways in the middle of today’s range, which tells the buyers to look for ‘traps’.
E-Mini S&P is bullish and trading inside a multi-tiered channel, which tells the buyers to look for trading opportunities at levels of support below the channel.
Gold is bearish and trading with a channel, so the plan is to sell the highs, but we have the $1200 round number that may spoil the fun.
Euro is bearish, trying to finish rotation back to the lows, and looking for trading opportunities up at the highs of a bear channel.
FDAX is bearish and trying to re-test the low, but a rising support trend-line is in the way and giving the buyers a big opportunity to grab control and fill the gap left open from last night’s close.