ECB day! DAX made a wide range reversal pattern at the recent bottom which shifted the momentum back up. It formed a doji bar after two strong rally days – 120 minute bull flag should form, leading to continuation up.
SPs: back into 2820 – 2840 trading zone. Another day of two way trading to consolidate the recent momentum reversal?
The Nazdaq is on a 5 SMA sale. The main qualifier to this pattern is that it too, gave a wide range reversal Buy 2 days ago which can often override this pattern.
Bonds – first close below the 5 SMA = Buy scalp – bracketing market potential
GC, SI – buy dips still
EC 112.345 key pivot. Be long above this, flat below. JY – Buy Day
CL and products: Buy – scalp only, as the market comes into balance.
LC – Sell short day on a further rally.
Beans and Corn – watch unfilled gaps to the downside for main pivots.
4:25 A.M. EST BOJ Gov Kuroda Speaks
5:00 A.M. EST BOE Gov Carney Speaks
7:45 A.M. EST EUR Monetary Policy Statement
8:30 A.M. EST ECB Press Conference, CAD Trade Balance, & USD Unemployment Claims
10:30 A.M. EST Natural Gas Storage
1:00 P.M. EST FOMC Member Williams Speaks