ORH Patterns…pretty much what you’d expect with a Risk off board.
UVXY,VXX,GDX,SLV,PPLT,AGQ,GLD,GOLD,SILVER
Silver is coming into its 200 DMA.
GOLD is not a chase at this level.
The meals should respond again after the U.S. pit session closes @ 12:30 to the Spu’s.
Do not chase this strength
ORL Patterns
Spu...Mini all session with a close below 2492. Above late day will screw the new shorts.
The Risk spreads do not show ( Confirm) these patterns, only a normal break into support.
XLI,DXJ,ITA
IYT…Transports have been leading the rally. It would take a close below 174.14 to signal further weakness.
Pay attention to the reversal level in the instruments you’re involved with.
The VIX high stopped in the middle of the mvg averages. In short nowhere.
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