Below is the Friday Update and it covers SPX, RUT, ES, Oil, USD, and Gold. Am on holiday this week and next week so only planning on doing Chart Chat Sunday and a mid week update Wednesday. Sorry the post is late today, have been waiting to see support before releasing. Longer term implications of breaking 2036 will be discussed in Sunday’s Chart Chat.
We are in a 5 down structure in the S&P’s with support in the 2000 area – today is a trend day with only 10% up volume so careful today expecting a turn. Video outlines options. Expecting a bounce this area then lower. DX as expected turned lower and heading to 94.50, GC and CL as expected, so far so good, both near a turn.
Signup for Sunday Chart Chat here: https://attendee.gotowebinar.com/register/5202889391272222210
Please make sure the HD button is on and maximize the screen for best viewing. The HD version should be done 5 minutes after this post goes up. Until then, this is the SD version. You may wish to wait for the HD version for best viewing.
Have a GREAT weekend!!! 🙂