Series of lower highs and lower lows for the last 3 days. Not enough convincing action to take any of the positions based on this trading. Stocs seems to be rolling over but we will have to wait for the confirmation. Similar thoughts for SP500.
Gold after having formed a hammer is trying to consolidate now. The basing action should take some time until there is some news flow which is positive for it taking it much higher. Silver is more damaged technically but should be used to accumulate rather than buying it on tops.
USD may be forming a bull flag and hence its movement needs to be watched carefully.
Crude and copper both have broken their trendlines and hence need to be watched with interest. No opnions right now on any of them.
As far as currencies are concerned - JPY is the strongest of the lot globally having a great trend but wind has been taken from CHF after it got tied to Euro at 1.20 levels. Last bastions of fiat has been brought down.
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