Gold looks to be drawing to the upside... My conviction for gold is that it is drawing towards the upside... I'm noticing daily failure swings that price seems to be very interesting in buy side liquidity. Plus price has reacted nicely off a +IFVG and has formed a daily CISD. I'll be looking for a OLHC daily candle formation for tomorrow trading toward the weekly draws.
Futrestrading
July 22 2019 E-Mini/E-MIcro SP500 Morning IdeasWas wrong about the bounce on Friday...
Well not completely wrong, but I didn't capitalize on the uptrend early in the day.
Capped off a poor trading week for me as I was trying to will the market higher.
New week, and expect it to be noisy. 2993-2960 seems to be the area of interest this week. I think the line in the sand for the bears is the high from Friday.
After that, I would be expecting all time highs again.