I’m out of here before the bell today to catch a 7 A.M. flight.
I pretty much covered everything in the video.
Today is usually more about the Bonds, Dollar and the precious metals.
30 Yr. Bonds...have to reject @ 157.09 +- a couple. Above, do not fade!
Gold…1080 is the closing hold level for Bulls. Below,do not fade.
Oil…this is an oversold pig. I wouldn’t discount a short covering rally.
Trade your time frames and macro levels. 47 +- a few will be the low risk level to
manage a short.
This is the mvg avg line that has not been violated on a closing basis since June 25th.
Equity Indices…Bulls need a lower low followed by a sustained reversal higher.
The price action will be about how and where an initial bout of weakness can hold.
Mortimer will be back on Monday.
