A.M. Look 1/7/19

Indices and Risk spreads rallied tho their respective 21 day mvg averages and rejected.

The Nasd 100 overnight high is more important to me than Spu’s

Gold/Yen held its 200 DMA last night.

Gold/Euro  retested the breakdown patterns from Friday after holding momentum support.

Euro & GBP/USD rallied to resistance. Closing over last night’s highs will have
traders reevaluating their long dollar bets.

Today is the first day back for many traders.

Be patient.

This entry was posted in Archive and tagged , , , , . Bookmark the permalink.