Contrary to my opinion yesterday, I need to admit that the market Internals are showing quite a lot more strength than I expected from yesterday price action.
My models are running with a conservative risk because the 20 SMA in major US indices are giving mix signals.
At the close we had 1.78 and 2.07 vs. 1 entering into the NYSE and the Nasdaq. There are significant chances that we trade higher for this week. Â Furthermore, I see the SP trading above todays close and holding the 1875 level.
This will take presence into the Gold prices and I wait for a down trend confirmation.
Trading to the long side