Some pre market commentary, SPX - expecting a bear trap after open, then higher. Wheat may be affected by the hurricane in Florida, Bonds hit an important fib extension, Gold looks promising if it can get over 1675 resistance, DXY also looks like it may pullback - BTC could still move to lower 18000 area before a move up (would align with one more low in equities) but it doesn't have to go down that far. Dax has broken monthly trendline, expect a retest over the coming weeks.
I forgot oil - looks good for a strong bounce here, pullbacks are likely bought.
OK good luck!
I forgot oil - looks good for a strong bounce here, pullbacks are likely bought.
OK good luck!
Comment:
there's another structure on SPX to watch-
Comment:
test of trendline.
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Looks like it's game on for bulls
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short term target should be the previous trendline
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SPX target 1st area reached
