pre-market

The dollar futures index made a new low in overnight trading tagging 99.885, while gold made a slight new high. It is too early to tell whether this is the low for the dollar. I changed my mind about the dollar not filling yesterday’s gap down anytime soon. After seeing the overnight action in the dollar, there is a possibility the dollar could rally here. It will all depend on my support points and pivots.

I lightened up on my mining stocks for now until further confirmation of a rally. This also could have been the wave v that I had thought was also a possibility.

/NQ this morning also looks set to make another high. Nat gas looks like it bottomed yesterday.

screen-shot-2017-01-24-at-6-10-55-amscreen-shot-2017-01-24-at-6-11-21-am

Leave a comment