Crude Oil is sitting at the wedge low which is also overlapping with an LC Zone. I am looking to buy Crude back up to the wedge highs which will be around 101.50's. If we begin to fail below this minor wedge low, I will also look to sell further down to the major wedge low below us around 100.50's which will also come with a swing low test up at 100.59.
The Euro has firmly closed above the BMT and has continue moving higher. I am looking to buy this market up higher to the initial swing high at 1.3574 as well as the wedge highs above that. The wedge high also has a LC Sell Zone overlapping it. Once we reach that area, I will be looking to sell back down to test the BMT at 1.3544 as well as moving lower to the wedge lows below us.
Gold is trading at its wedge high and is beginning to fail lower. We didn't quite test the BMT up at 1292.1 so I will expect that to act as a magnet at some point, but for now I am looking to sell this market down to 1273.7 first and to the LC Buy Zone down around the 1255's. We may also see Gold push a bit harder to the swing low at 1250.9 for a double-bottom bounce.
The Russell is currently at the wedge low as well as sitting smack dab in the middle of the cloud. I am looking to buy this market higher to the wedge highs. We are currently at the average time completion of the wedge so we will be looking to take profit a bit higher above the wedge possibly around 1087.9 before we see the market FOBO back into the range. Come join us in the room and see how we do it!