Bulls must be pissed off today. There was no follow through of yesterday's reversal and bonds are trying to break out upwards. What a day!
However, ES/NQ still in the blue channel and I also think ES has formed a triangle and it tried but failed to break out on Sun night. Seems like it wants to do it again ...
Maintain the call on GC, on the way to back test 1641 ...
CL is still weak, but it doesn't look like it wants to break the previous low ... maybe this is the bottom ...
To be frankly with you, I'm bullish on stocks the intermediate term. However, I really want to see a bearish push down to assess how low the market is willing to take before jumping in ... I'm getting impatient since FOMC is coming next week.
I'm with you. I'm bullish on US equities and metals. A big wave is brewing and all it takes is a little catalyst. After this weekend's Greek election, we might get a nice dip that all bulls should be waiting for to jump in the wagon.