A Short Outlook on Metals, Dollar, Bonds, Stocks, Energy
S&P 500 Futures -- Daily Chart
As much as everyone hates to buy stocks up at these lofty prices, I think they are going to keep going up and they could do this for a long time yet. If the dollar index continues to break down then I expect the S%P 500 to rally another 3% from here (1500) in the next one to two weeks.
Crude Oil Futures -- Four-Hour Chart
Crude oil has not had much attention from me in the past few months. While it has had big price action, many of those big days took place on news causing an instant price movement making this extra dangerous to trade. I continue to watch rather than get attached to it.
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