Next week is going to be exciting.
I’m looking for the Euro to continue selling off and the US Dollar to rally. I think the Emini will fall out of bed below cyclical Support on the 40,500 tick chart, which will cause a run into Bonds. Then, as if that wasn’t enough, more political chaos around the world and Gold and Silver will rally too.
Definitely watching the Emini open on Sunday evening closely. That will set the tone. If it holds and everything is quiet, then maybe the cyclical Support on 40,500 tick will hold and we can sleep peacefully in our beds. I also tend to be early on calls, so …
But we’re setting up for a great Autumn trading season.
Gold and Silver have been bottoming for a year and finally they might break into clear water. Everybody loves to hate the US Dollar, but it is the safe haven when the financial storm hits. And the Eurozone has gotten a pass over the last 18 months when it really isn’t deserved.
And since it’s the weekend you get more, more, more.
Good luck with your Emini trading next week.