Today's Trading Opportunities – Watch the Market Analysis Video for full analysis

1 – Silver markets struggle during the session on Friday to make any headway in either direction, this makes sense though because the market has been so overextended lately and the $18.50 level of course is a resistance barrier. With that being the case, we feel that a pullback is healthy and should be a call buying opportunity. Of course, if we break above the $18.50 level before doing that it would only show more strength and therefore give us a case for buying calls as well.

2 – The EUR/USD pair fell hard during the session on Friday but bounced towards the end of the day. That’s not a huge surprise considering how far it fell, but we still believe that the market is going lower, in buying puts are the only thing you can do. Ultimately, we believe that the EUR/USD pair will hit the 1.10 level given enough time, and as a result we remain very bearish of this market.

3 – The S&P 500 stalled during the Friday session as well, perhaps struggling with the 2060 level, or perhaps just simply being a sign of a market that’s risen a bit too far in a short amount of time. It is Friday after all, and a lot of time traders will simply walk away from the markets right before the weekend. Because of this, a pullback should be a call buying opportunity in our opinion as we believe in 2000 is going to be massively supportive. On the other hand, if we break out above the 2060 level, we believe that the market will make a serious attempt at the 2100 level, giving us a call buying opportunity as well. We have no plans to buy puts in this market currently as we are still very much in an uptrend.