It’s a beautiful morning of Tuesday and we are moving high on the EU Markets.
Market Comments:
Its 5AM in NY and Europe is shooting to the moon.
(https://money.cnn.com/data/world_markets/europe/)
S&P500 Futures higher during the European session. There is no reason to short. If you have longs, you might cover some into the move.
Trade Ideas:
DAX thesis wasn’t confirmed by the market move. We didn’t manage to close below the 8EMA and held perfectly the previous support at 13150.
GC (Gold futures) as mentioned in the previous posts, there a potential upside in the gold forming. At the moment we need a confirmation of the equity market slowdown and maybe then Gold futures will be able to 1475ish and move to 1500.
For those of you who are trading US equities, we are having chart request sessions, Monday to Thursday 12pm-2pm time in our real time chatroom.
Join our Telegram Chatroom to ask me questions| https://t.me/asktraders
Remember:
- Never chase a trade once it’s too extended from the entry zone.
- Never risk more than 1% of equity per trade.
Happy Trading!
@Trader521