Watch Gold and Dollar – ES NQ Parabolic On No Volume – The Pit Futures Trading

#daytrading #livetrading #stocks #futurestrading

If I have learned anything over the years it is when one side of the boat becomes to crowded the markets tend to move the other way. Not saying this move is over, personally I do not care either way, but I am not going to be longing up here on crap volume. Last week I volume was negative 30% below average on the day on this end of the quarter rally. With a new month upon us I think we could see further gains but not without volume and certainly not without a pullback. You think smart money is going to chase these highs? No sorry cannot see that happening. Watch Gold and the US Dollar as more countries come to agreement to trade outside of the dollar and specifically settling oil in the own currencies as opposed to the Petrodollar. Something is going on and I think this Bear Market is not over by a long shot. However, trade what you see and not your bias!

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