Welcome to the video update for Monday, August the 1st. New month so please review your monthly and weekly charts for the big picture. First chart is the EUR/USD pair weekly where price continues trading in the sell zone but made a higher high last week. We have the potential for a slingshot. Watch for the lows of last week to be taken out to trigger sell signals. Trader Rick also reviews the daily EUR/USD chart where we are close to achieving the target of a measured move.
If you trade gold take a look at the weekly chart where a possible 9/30 long is setting up. Is it a conservative or an aggressive 9/30? Note that we are watching the December contract.
Next up are the stock index charts starting with the S&P cash monthly chart. The ES monthly is also discussed as is the daily and 60 minute charts so check those out.
Good trading!
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Tags: 9/30 Setup
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