pre-market

5:30 am PST. The EUR/USD continues to slide. It may possibly go to 1.0844 today before consolidating. The $Dxy continues to rally. Gold is down about $5+, while Dow futures have risen 38 points.

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Closing Thoughts

1:01 pm PST. I expected to see a lot stronger gap up on the open for the Dow and continuation, but instead we had a tiny move up and then consolidated for the rest of the day. I think perhaps tomorrow we will see that gap higher.

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Macron wins

4:08 pm PST. Macron won the French election and the Eur/Usd popped higher, which I thought might be a risk at last Friday’s close, but then quickly dropped. I think this could be a high at 1.10218. Likewise the dollar dropped and quickly popped back up. I think the dollar likely finished the bottom of the wedge. Great call Marty! Your call will be confirmed once the Euro heads down to new lows.

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