Large opening gaps from overnight session in MANY markets means: Watch PDH (previous days high) to see how much retrace back into the pit session gap FIRST and then monitor for continuation entry after that. OR – if push UP off OP, then watch for Sell Div reaction down. Momentum is strongly up, but markets may be well marked up by 7 AM.
SP – Continuation day +daily Buy Anti can lead to all time new highs.
NQ, DAX, Russell all closed with 3 bar triangle BO formation, a continuation pattern. Dax new weekly highs not far away.
$ index on First cross daily sell from 3/10 oscillator. Previous daily swing low in play.
JY – 2019 high in play
EC – 114.375 in play
CD – weeklies start of new leg up
GC – Aug contract approaching 2018 highs. This level was already taken out in the cash market in Asia session.
SI – weekly Buy Div still in play
KC – First Cross BUY on daily charts
SB – Pinball Buy
Hogs – low TP = Breakout mode (watch long side)
4:30 A.M. EST GBP Retail Sales m/m
7:00 A.M. EST GBP Official Bank Rate & Monetary Policy Summary
8:30 A.M. EST USD Philly Fed Manufacturing Index & Unemployment Claims
10:30 A.M. EST USD Natural Gas Storage
4:00 P.M. EST BOE Gov Carney Speaks
July Coffee Futures go first notice