So far the YM and ES have not been able to trade above those areas I pointed out in last weeks video.  Until they can, don’t expect any significant upside.  In fact, we may see lower prices if they cannot trade above those numbers.  If they can, however, then I expect that we will eventually test the highs made back in May.  So, we remain in this critical make or break area.

Silver has made slight progress since the MTPredictor weekly buy signal was given last week while gold also has made some upside progress.  The upside move last week meant a break even trade in the gold short.

Oil is still in MTPredictor decision point resistance but could see that $100 area if that resistance gives way.

The USD snapped back into its MTPredictor wave 4 support area as expected last week.  If it can hold this support we should see a move into the wave 5 target up.

Get the rest of the details in this weeks MTPredictor Weekly Market Update:

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Tags: es, gold, mtpredictor, mtpredictor market update, oil, silver buy, usd, YM

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