Some in-day micro management for anyone interested. On days like this we are reminded that NFTRH will not be the service that calls out bottoms for you on most occasions because it is a cyclical bear market and a cautious stance has been in effect.
With the precious metals up in pre-market and US stock futures down after political players did the predictable, it is notable that these markets seem to be going opposite the news. This goes against the current technical trends but really, anyone buying the stock market yesterday because of an impending debt deal would have been buying a classic ‘sell the news’ setup. Precious metals are ‘buying the news’, but have technical hurdles as follows.