Crude is rejecting the wedge lows and pushing higher. I am looking to buy this market back up to the 103.29 swing high FIRST and then looking for a larger push up to the BMT at 104.17. If we do end up falling lower, I will look for shorts back for a retest of the wedge low first and really looking to sell down if we star breaking below the wedge low.
The Euro is rejecting the wedge low and bouncing higher. I am looking to buy this market up to the swing high and overall high at 1.3575. Once we get to these highs we will need to watch out for potential FOBO's above that level with a possible sell opportunity back to the wedge low and even the BMT at 1.3465.
Gold has pushed aggressively higher up and gave a VERY decisive close above the BMT at 1332.5. I will be looking to buy this market up to the wedge highs around the 1350's and then begin looking to sell it back down for a potential retest of the BMT back at 1332.5. If we do begin to fall down I will be waiting to go short when we move back below the BMT.
The Russell is at its wedge low this morning and I am looking to buy this market back up to 1076.9, 1078.1, and the overall highs at 1080.0. It is very possible that we will see a blow-off to the down side to test the BMT prior to the up move at 1066.9 so I won't be considering shorts until we make it below that point. Come join us in the room and see how we do it!