Gold: What’s REALLY Behind the Record Rise, Bull or Bubble?
BMO Commentary
Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.
0730.ET
World Markets are slightly mixed and the US is Up slightly.
Precious Metals are Up some and the US-Dollar is Down some right now.
QQQQ/SPY are currently Trading at 44.09 / 110.38
QQQQ Resistance is at 44.14, then 44.50, then 44.68, then 44.92
QQQQ Support is at 43.80, then 43.40, then 43.17, then 42.8x, then 42.3x
SPX key Pivot Level = 1093 . . . see recent AMC Commentaries for more details.
There are No Economic Events out today . . . BUT, it is Quadruple Witching Day . . Expirations galore!
I expect the Markets to stay in their recent Rectangle Range I’ve been Charting for you . . . without any big breakouts … probably a low-Volume drift higher with people Closing their positions as they go on Vacation.
Have a great! Holiday everyone . . . I will be In and Out over the next two weeks . . . providing End Of Day Analysis on most days next week.