Crude Oil has moved into the overall TZ Sell zone as well as nearing the BMT at 102.16. I am looking to sell this market down to 100.83 first and 100.30 at the lows as well as the wedge low from here up to the BMT. I would REALLY like to see Crude push up to the BMT first, but if a pattern sets up nicely, I will definitely hop on board.
The Euro for what seems to be the entire week has been pushing the highs over and over again. We, once again, made new highs creating a newly formed wedge high. I am looking to continue buying this market higher up to, at the moment, the current wedge highs and possibly higher for the overall targets today around the 1.3700 - 1.3711.
Gold has pushed new highs after seeing the MASSIVE reversal bar (the cyan bar) which blew through the old wedge highs AND the BMT back at 1296.8 now. We are now expanding the wedge highs and pushing higher. I am looking to buy this market higher until we confirm this new high but since we have failed straight out of the overall sell zones, I will also be considering sell signals down to the BMT.
The Russell has continue higher once again constantly smashing new highs with all of the news coming out of the government lately. As we keep expanding the wedge highs, I will be looking to buy this market higher targeting the 1110 BRN next above us until we have a solid retest and confirming bounce of the wedge highs before I start looking short again. Come join us in the room and see how we do it!