Took a long at 1300 because of the trade war. Well it came and Gold tanks this morning. Huna dumping to make the usa pay? Hate to take this on loss if we rocket up from here. Thoughts on next 3-4 days.

Thanks

OP

In a tight-range market with dojis in full bloom, one has to be patient and trade what the market presents, even if this is a pittance compared with the high volatility environment of the past few months.  Please come back, Volatility! 

 

Basically, SPX 2792 has been a resistance level during the past few days and SPX 2760/65 is the strong support zone. 

 

Bearish below SPX 2792, bullish above, stand on the sidelines if bored by the going-nowhere-real-fast SPX action, or trade the NASDAQ but beware of fake rallies in an exuberant NASDAQ/RUT market that seems to be pulling in swarms of latecomers, the ones who buy from the distributors. 

 

 

http://www.traderscr...dex.php?p=intra

the weekly on the EEM is looking really bearish to me.

 

if China tanks very badly over the tariffs it will eventually drag the US markets also.

 

any comments ?