Crude Oil is failing off of the wedge highs and pushing into the channel lows. This is also on top of the BMT at 106.53. I am looking long from 106.53 back to the highs of the wedge and possibly higher to 108.17. If we push through the channel lows I will be looking for a retest from the opposing side and looking short to 105.60 - 105.56 and to the major wedge lows.
The Euro is failing at the newly formed wedge high and pushing lower. I am looking to take this short back to the BMT at 1.3305. We will have to contend with the 1.3312 low first and may catch a bit of a bounce there. If we do push higher, I would like to see us break the 1.3382 high first before looking to go higher.
Gold is at a newly formed wedge high and pushing lower. I am looking to sell this back down to 1357.0 and lower to the BMT at 1337.6 and the wedge lows as well. If we do continue to push higher I will also be looking for buy signals as the wedge above has not been confirmed yet.
The Russell is still pushing lower after a nice retest of the wedge low. We are now currently sitting at the channel low and consolidating. I am looking to buy this back up to the wedge lows and up to 1029.3 as well as further up for a retest of that support area above. If we push lower, I will be looking short below the lows. Come join us in the room and see how we do it!