BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0705.ET
World Markets are slightly mixed and the US is Down.
US Markets/Futures are Up right now.
Precious Metals are Down big and the US-Dollar is Up big right now.
QQQQ/SPY are currently Trading at 44.11 / 110.92
QQQQ Resistance is at  44.50, then 44.68, then 44.92
QQQQ Support is at  44.14, then 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 Big Economic Events out today starting at 0830.ET … the news will drive prices today .. Big time!

I expect the Markets to stay in their recent Rectangle Range I’ve been Charting for you . . . without any big breakouts .. unless we get Big surprises from the News out today. . . when entering Trades, wait for pullbacks (Down or Up) in order to get onto a missed Trend .. don’t just jump on a sailing boat or a moving train .. let it come back to you some and pause .. looking for that Reversal Signal we teach about.
Be  sure to check back here tonight for my Commentary on today’s action.

AMC Commentary

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