Tomorrow’s news Today…Money for Nothing
FBTP…in yesterday’s conversation with Yra & PAX laid out the price action for the next target.
I certainly didn’t think they’d be up 180 points to the level overnight.
Gold…tagged the 1440 level twice last night. This is a sticky level. It’s sticky for a variety of reasons not least of which is that it completed a swing objective based solely on the June qtrly close.
I love those equidistant targets.
EuroinGold is trading through the July 12 qtrly breakdown low which is a positive for follow through.
Indices will be all about how they hold on a break. The later it gets in the session the lower probability you will see any type of mean reversion trade.
Spoo/Bonds trading right @ its 200 DMA and the bottom of the cloud.
Nasd 100 & Russell/Bonds look more constructive at these levels.
Judd’s Room will open just after 7 and close app 8:45.
Judd’s Room will reopen for unenjoyment on Friday.