A.M. Look 6/3/21

The selling started in London.

DAX & FTSE have elected their daily ORL sell stops and are now into initial support.

Spoo…short term averages come in from 4177-72. 4150 print is needed for a reversal on the 100X3, which would confirm a double top.

AMC is up big in pre market. If you own shares it would behoove you to sell some.
It will be a gap trade.

Crude denominated in Yuan is getting a little rich. Crude went into major mvg avg resistance on long-term charts.


These averages don’t necessarily mean it’s the high. It just means the first time in it’s a natural place for price rejection.

Copper/Yuan

 

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