I’m looking for a two way trade.

Markets were risk off last night. If this persists after NYSE starts trading I’d

expect it to continue through London’s close.

The Late show in the U.S. could be the opposite of the early trade.

Spu’s would need sustained price action under 2338 for signs of a reversal.

Spu’s need to break 12 points from the high and remain under that level for real profit taking to take hold.

If not, it will be another in your face trade with Europe selling and the U.S. running the Indices right back up.

GOLD…1249.50 is the ORL pattern retest level it fell shy of on the last rally.

It can trade there with a risk off board, as investors are seeking hard assets for haven status going into a U.S. Holiday weekend.

Caution over trading @ 1238 which has been pivotal for the past week.

GDXJ...acts better than the GDX which is trading into its 200DMA resistance.

Silver…last nights low was support @ the 200DMA. Silver remains firm above.