Another day, another meltup drifting lower into the open.

continued for members…

Currencies are still hanging in there, with EURUSD still hovering just above its SMA200 at 1.0844. If it bounces here, equities should be okay. If it drops through, we’d likely finally see a substantial backtest in stocks. This, of course, corresponds with DXY’s SMA200 – which has been under attack for the past week or so.

Oil and gas continue to bubble higher, with CL likely to at least backtest its SMA200 and RB doing the same if it can push through its SMA100. I’m working on an update to silver and gold, which I will post later this morning.

GLTA