Midday Missive

Equities...yesterday’s buyers are today’s sellers.
1916-18 is a trap level for shorts this time of day.

We’ll need to see if there will be another late day bot driven rally.

The metals have been telling a Risk off scenario.

Silver... 14.19 is the 50 DMA. Closing above is Bullish

Once Gold broke out after the first 15 minutes of trading today it’s been a chase
There has never been a good retrace as in other days to get back in.

If you think you’ve missed something, go for a walk or wait 12 hours for the level to come around again.

Risk Off is price supportive for the Precious metals.
The Gold, so far, has not backed off with the intra day rallies in the Equity Indices

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