Sunday, March 20, 2011
Gold and the Market
A couple of good rollover shorts - see charts below...
Now though - looks like Gold is going higher... the pullback was to a bullish spot as I mentioned in the prior post.
The ES could pullback to the 1257 area and form an inverse H&S. I would be surprised if we went below 1260 ... with the USD losing support and the bonds continuing on their trend along with oil and silver, the market looks to go higher.
Long in here -1275 - with a parital stop at 6 points... will trail up the rest.