A.M. Look 7/5/17

GOOGL…893.37-915.30 is the remaining gap. If we’re to see a mid-week shuffle low in the Indices GOOGL should bottom somewhere into the Gap.
Oil...I thought you’d see the selloff that started in London after the inventory #’s today.

Short term traders can sell a rally into 47 with a stop over the Globex high.

Today’s Pattern sell stops are @ 45.92.

Gold…1214.30 was the May low. Given the short-term oversold condition in Long Gold vs. Short Major currencies, I’d be looking for a mid-week shuffle contra-trend low in the barbaric relic.

A bounce in Gold.
There was much volatility on Globex since Sunday. With the U.S. coming back to work

let the NYSE be your guide.

Bonds should get active @ the Fed minutes release 1:00 CDT

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