Not many of my followers trade futures, but in case I don't have time to post an update before work tomorrow:
1) Another open gap down. I don't think it fills until RSI hits oversold and we get a bounce.
2) Dollar index broke support, but wouldn't surprise me if it did a backtest (maybe)
3) Gold trying to "break out" yet again, but a dollar backtest will look like another failed breakout (maybe)
4) Lots of earnings this week including TSLA Tues.
I established a long position in gold, but I intend to hold it for a while. Not my usual short term trade. No desire to go long on stocks during earnings season when every company is going to be talking about tariff impacts.
1) Another open gap down. I don't think it fills until RSI hits oversold and we get a bounce.
2) Dollar index broke support, but wouldn't surprise me if it did a backtest (maybe)
3) Gold trying to "break out" yet again, but a dollar backtest will look like another failed breakout (maybe)
4) Lots of earnings this week including TSLA Tues.
I established a long position in gold, but I intend to hold it for a while. Not my usual short term trade. No desire to go long on stocks during earnings season when every company is going to be talking about tariff impacts.
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