2/08 Trading Futures Update - Precious Metals - Flat, S&P500-Down, Crypto-Down
As we open trading futures, the markets reacted as predicted, stawks going down and rolling over.
Precious metals are flat, holding their own, waiting for the USD to also roll over with the stawks.
S&P500 has peaked on this run up, the candles are making a slow roll, an up-side-down U. The down volume increased in this session, showing the action in now negative. Fair value on the futures is almost flat. More bad earning news to push more down. China will return to trading n Monday, needing to play catch-up to the rest of the world markets. DAX was also down is showing the EU is weak.
Crypto is slow rolling down, total marketcap now 111 billion, a drop of BTC below 3000 is possible.
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