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Market Update

randholm
January 23, 2014 4:14 pm / Published in * Trade Alert, GOLD, Market Update, SPX

Market Update

The market traded to the middle of the range marked during January. Today we had a Gap down (charts below) and a continuation of the selloff for the rest of the day.

Market Internal were negative the entire day. During the last two hours we had positive price action that most probably will be continued tomorrow.

I am setting 1818 as a support as a reference for tomorrow.

We are still waiting for the GOLD trade. It’s a short but we are looking for the right risk vs reward.

Gap down continuation…

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