At this point we are trading below the pivot point on all 4 stock futures. Will we open below them? Everyone knows this market is massively overbought. I would be much more excited about the prospect of a substantial turndown, were it not for month end in a few days.
Gold is acting pretty weak. Have the last few days been consolidation... or is it rolling over? We have opened below the daily pivot and are trading below the 3 day pivot range. Price has diverged from its volume oscillator since July 20th high.
Crude is also below its pivot (the correlations are relentless). The Aussie Dollar is not confirming, but maybe we get a little setback today.
Transcript: Savita Subramanian
2 hours ago
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