European Debt Instruments went into rally mode right out of the gate last night.
Find a name you want to trade that is in trend.
CSX got bombed on earnings.
Transports will not look pretty in early trade.
Gold/Silver came into its monthly gap.
Closing below the top of the gap @ 8926 will see this direction extend.
Right now I’m still trying to wrap my head around what that means.
Is it a break in Gold?
Is it a rally in Silver?
Is it a corrective spread trade with neither metal going anywhere?
Soybeans (X) have come into support @ its 200DMA.
I’ll look at this when the CBOT opens.