It’s going to be easier to technically trade the individual names than the stock Indices, particularly if you want to bottom fish for a rebound.
I’m headed out the door!
Gold..1610 ish will be a big hurdle zone. Should be decent resistance the first time up.
USD/CAD…Canada Futures…The futures high was not good. Today’s USDCAD low of 101.50 was the breakdown level and should act as a pivot.
Selling rallies in the Canada against today’s Futures high with a very tight stop, seems to be the lowest risk strategy for the RISK Off crowd . Closing back above today’s high in the futures will likely lead to another trip to the 200 day mvg avg @ 100.60 USD/CAD ( 99.30 ish Futures)
