Overview:
S&P to see 2698/2702 area/top tomorrow....IF 2678 were to break sometime this week, odds are we are going down, key support area....Don't think that gets tested tomorrow, but 2698/2702 will, jmo....
Dollar going higher...
GOLD/SILVER going lower....$1253 minimum, hoping to see $1245 to $1235 range....Broken record, been saying this for past 5 trading days.....IF she comes on down to those lower numbers, great buying Opp I think...Silver $15.85 support and $1553 support....
USD/JPY to go higher....
Copper made big big run, keep saying it, time to come on down to $3.08/$3.06 area, then head for $3.18 next, sometime in January....
OIL want a pullback to $57.10 to get back in??? Stop on a break of like $56.50 area....$59's are coming darn soooooon...within 2 weeks we top and start DOWN to $55/$50 area....$70 by spring....
NG - I said earlier, my gut says we test $2.84 area tomorrow, we shall see.....been wrong often on NG past 45 to 60 days....was nailing NG left and right before that, been doing bad job of late, for whatever reason...
I could be guessing wrong on any or all of these, time will tell.....just my thoughts on paper, not meant as trading advice. You trade your acct and I'll trade mine....
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