Crude Oil is holding the lows from 106.77 and pushing higher again. I am looking to buy this market up to 110.07 first and overall looking to revisit the highs from 111.66 - 112.24. If we get back up to those MAJOR highs we are bound to see some fireworks. If we end up moving lower, I will be looking for shorts below 108.12.
The Euro is pushing off of its lows and attempting to test the wedge highs above. I am looking to buy this market up to test the wedge high before looking to go back short again to revisit and break the lows. The NFP news at 8:30am EST this morning may have given us just enough fuel to push it tot he wedge highs and we should begin to see a fast sell off with profit taking back down.
Gold has pushed into the wedge highs and is failing back lower. I am looking to sell this area back down to the wedge lows and the overall lows around 1358.5 - 1359.1. If we do continue higher I will be looking to target the 1400.00 big round number first followed up with the wedge high above that.
The Russell has blown-off to the highs above the wedge into an overall sell zone. I am looking to sell this back down to the 1012.5 area first and the overall wedge lows below that. If we continue moving higher I will be looking to buy this market up to 1037.2 and the wedge highs above that. Usually when we break a level of S/R on news, we will see a quick and sharp failure lower and that is what we will be looking for. Come join us in the room and see how we do it!