Gold has been unusually quiet lately, but could be on the verge of a major breakout opportunity soon, as early as tonight. Crude continues to sit on major support and also formed an extremely narrow range today, which could provide some fuel for a solid breakout.
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It doesn’t get much better than that, folks. The E-Mini S&P 500 opened with timid strength this morning and rallied right into the 1650 level, which caught offers immediately. The 1650 level became the high of the day, and the ES dropped to each of the targets mentioned above except the last one, which missed by a tick.
