The markets sold off in overnight trading mainly due to carryover from Friday’s losses and the lack of positive, concrete solutions at the weekend G-20 meetings. However, traders should be exercise caution to the short side as you’ll notice that the US Dollar Index saw no relief rally in overnight trading and the long bonds are seeing little movement higher. This could be telling signs that there was nothing serious or any “earth-shattering” events that took place during the meetings.
We will be looking to be buyers on the of the break of our 30 minute reference bar in either the emini SP and/or emini Russell. The strength of the DAX and SP markets will give us some indication whether or not to get long…..
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Past performance not indicative of future results. Futures trading involves substantial financial risk. Please consult your personal financial advisor before using this information for your own trading purposes.
