Crude Oil is at its wedge highs right now. We are a bit ahead of the highs but we are failing a second attempt to go higher. I am looking to sell this back down to the wedge lows and possible further to 103.50 - 103.43. I will also consider longs if we move back higher for a retest of the wedge highs.
The Euro is pinned up at its BMT around 1.3342. We keep hopping from side to side. I will be considering both sides of trading. I am mainly looking short to the wedge low FIRST before I begin looking for a long bounce back up to the 1.3374 swing as well as the wedge highs. If we continue higher up, I will be looking long above 1.3374.
Gold is failing off of its wedge highs and pushing lower. We have a TON of magnets below us. From the channel lows, wedge lows AND the BMT below us, the sellers have a lot of fuel to push this lower. I will be looking short through all of those targets with my final landing zone at 1357.1 - 1351.6.
The Russell is pinned up at its wedge highs and taking a second attempt up. I would like to see a blow-off at the highs up to 1036.1 before failing lower. I am looking short back to the BMT first at 1030.3 and lower to the wedge low. I will also be looking long if we move AND close above the wedge highs. Come join us in the room and see how we do it!