I’m now on the sidelines
I aggressively traded the crude up from 10/20
And briefly (small position) shorted the ES at 1254.25 already took profit;
The Equities are difficult, nor have I traded them much the last few days; crude was ten times easier; Gold could well be the next easy trade.
I’m waiting on Gold; to see if it holds; it should
If it holds its up, up and away.
Meaning if it reaches 1750/1760ish
It continues up to 2130 to 2312
Gold is telegraphing us this; Gold up (also USD) Euro down, equities down
Means the EU rescue package for Greece is in jeopardy, or in other words a Greek default is upon us.
I’m going fishing; I’m taking my lap tops; when I get to the River I’ll update again.