Crude Oil is pushing in the lows of the wedge. I am looking to take this short into the lows of the wedge and then once we get to the low, looking for long opportunities to take it back to the highs at 112.30. If we end up pushing past the wedge low, I will look for continuation to the BMT at 107.32.
The Euro is at the wedge lows and holding. I am looking to take this long back up to 1.3325 - 1.3348 and higher to the wedge high. This overall move might not happen all in one day, but overall those will be the targets. If we begin to fail lower, I will look short to 1.3207.
Gold is continuing to fail off of its highs. I am looking to short this lower to the channel lows before continuing to look long. If we do hold the channel low and begin to bounce, I will be looking for upside targets of 1427.3 up to the highs. If we push past the lows of the channel I will be looking for the larger channel and the BMT at 1389.7 as targets.
The Russell has bounced off of the wedge lows and continued to move higher. I am looking for continuation of this move to 1024.4 and higher to the BMT at 1026.3. If we end up failing lower, I will be looking short below the wedge low as well as below the 1010 lows. Come join us in the room and see how we do it!