As we are waiting for witching and the FED comments about tapering , here is 2 potential scenarios for this summer. In each case the 144 sma looks to be acting as magnet. The spread w/ HG is abysmal...as w/ any other not rigged economic indicator. On Monday there could be some political news out of Greece. And Monday is a 20 day - if you don't mind numerology 6+1+7+2+0+1+3=20 - so potentially bearish just in front of full moon. Just $1.25 - $1.75 billion POMO on the tray next to Empire data and NAHB
Vix has just b/o a nice H&S inv while the EURUSD has room to go if its own H&S takes place.
The same IBM is showing a daily H&S right in front of next week.
Better be hedged in each case.
Vix has just b/o a nice H&S inv while the EURUSD has room to go if its own H&S takes place.
The same IBM is showing a daily H&S right in front of next week.
Better be hedged in each case.