Gold on daily showing strength at closing Friday, es had a bullish week, but for intra day trading if gold is still showing strength I m looking to short es at anytime during each day if we are seeing same strength to weakness, on one hour gold is heading up if continues I will short for intra day trade
The ultimate oscilator has made a notable divergence and looks to be breaking to the downside of the triangle it has formed. Slow stochastics has a downside bias look to it imo. I am not planning to sell at friday's lows, although would look for observed resistance on rallies to sell the es. I believe the es & spx are in a sell the rallies mode at the moment....