sp'daily5
GLD, daily
Summary
*price structure for the metals remains a bearish H/S formation, offering the giant $1000 threshold for Gold this summer.
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A test of the 50dma of sp'2090 now looks possible... as we have a break of soft rising support. Thing is... if that is the case, the Tuesday low will be broken.... Hmm
Weakness all the way into the weekend?
notable weakness, AAPL -1.4% in the $126s... not looking so pretty.
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I have eyes on USO and FXE... as viable long trades across the first half of May.
FXE 60min
Seeking an entry in the 108.70/50s. which seems viable today. The secondary lower (red) target is probably out of range.
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10.37am.. so far... holding the 50dma of sp'2090.
Time is probably running out for the bears.. typical turn will be 11am... as ever.
VIX is already looking spiky in the mid 14s.
10.42am.. micro double top on the Euro.... USD set to rally... at least moderately today.