S&P Looking for Support


ES is going sideways as discussed in the last post. No changes. Watch the 1961.50 area to hold support. No entries at this time.

USD/CAD I am tracking this due to the many Canadian friends I encounter each day. I see this holding below 1.3062 for a while. Might be a good time to buy Canadian dollars. Average in anyway. By a half position with the anticipation that this will hold and pull back to the 1.18 area.

CL Oil is trying to find support. I feel that it wants to go lower. It needs to get back above 50 and stay. If not I look for it to test this spot as resistance and go lower.

GC is going to pull back to around 1239 before it try’s to make another run.