My TIMM Trading Pit Commentary - Wk Of 6/3/19
TIMM (Traders’ & Investors’ Mentor Market) provides the tools analysts need to share their insights in a central location, TIMM becomes a market where traders and investors can shop for the insights they’re looking for.
The Trading Pits are, in some ways, the main meeting place for TIMM. Here you will see folks sharing insights and asking questions about markets.
Commentary from this past week includes:
The Russell futures remain weak and now price is sitting in a daily supply zone.
For the first time since the beginning of May, the British Pound showing some early signs of life on the daily chart.
Wall Street is talking about the US fed rate cut this year, but until the US dollar breaks the weekly uptrend line, I'm bullish on the US dollar.
After a strong rally in price, Corn futures seem to be cooling off a bit.
Which is why the Euro has been moving higher against the US dollar...all these Markets are correlated.
Gold continues to scream higher...part of the reason is because the US dollar is correcting.
After the big rally on the US equity markets, the Nasdaq futures finds price back into a daily supply. Although the momentum is up, the short term trend is down.
Gold taking a breather at the daily supply.
Aussie dollar broke the daily supply zone despite Australia announcing a rate cut last night...could be because China said trade talks will resume.
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.
