1 – The EUR/USD pair fell during the course of the session on Friday, testing the 1.06 level. With that being the case, we did find enough support there to turn things back around. Ultimately, we believe that this market goes down to the 1.05 level, where there will be even more significant support. The meantime, we are looking for resistive candles on short-term rallies in order to serve buying puts yet again. We believe that the Euro will not only reach the 1.05 level, but will eventually reach the parity level given enough time.

2 – Gold markets tried to rally during the session on Friday and did so. However, the $1220 level above offers enough resistance for us to be a bit hesitant to start buying calls. If we do get above there, we believe that the market can break out all the way to the $1300 level. The meantime though, we recognize that area could cause enough resistance to buy puts on resistive candles for short-term bearish positions.

3 – The DAX has completely broken out to the upside, as the 12,200 level has been broken. We believe the pullbacks will continue to be buying opportunities as far as calls are concerned, and that this market is ready to go all the way to the 12,500 level in the short-term. We have absolutely no scenario in which we buy puts.

4 – The S&P 500 broke higher during the session as well on Friday, testing the 2100 level. We believe this market will offer call buying opportunities every time it pulls back, as there should be short-term supportive candles that offer opportunities to get involved. Ultimately, we believe that the S&P 500 makes new highs.