A.M. Look 6/4/19

Oil… is sitting on its 200 WMA. Be patient.

Spoo are stuck between 2729 & 2765 o..n the 25X3.

Waiting to see if it can put in a reversal on the 50X3 with a print into the high
60’s.

That is what is needed to trade for a rebound rally.

Gold/Copper is @ monthly cloud resistance.
This spread is trying to negate the last breakdown in June 2017.

Longer term we could see a Sept 2016 retest.
World Bourses would be in deep do doo if this pattern were to play out.

I will go over it in the room this A.M.

Gold will torture traders who initiate longs in the mid to high 1330’s.

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