Over the last two months we’ve had strong breaks in a bunch of different Global Macro charts: Japanese Yen, Aussie Dollar, Canadian Dollar, Copper, Gold and Silver. But it’s time for a little settling back – a little Retracement Time. And this is when the trend gets proved, the Lows get tested and the cautious money steps in quietly to support the Trend. The next two weeks are going to be interesting.
(And here’s a refresher on The 5 Step Setup.)
Enjoy your long weekend and good luck with your Emini trading next week.