For Todays Full Market Analysis Watch The Video

1 – The EUR/USD pair rose a bit during the session on Tuesday as the market finally found enough momentum to go a bit higher. That being the case though, the market looks as if there is enough resistance near the 1.15 level in order to start buying puts as the market is in such a massive downtrend. With that being the case, we are simply going to wait on the sidelines and to weaken resistive candle in order to start going short via puts yet again.

2 – Ultimately, we are watching the US the markets in general as the ISM Nonmanufacturing PMI numbers come out during the session today. The S&P 500 (SPX) looks as if it’s ready to go much higher during the course of the next couple of sessions, so we feel that buying calls on short-term pullbacks will be the way to go going forward. We also believe that the NASDAQ is going to rise, but it was a little bit softer than the S&P 500.

3 – Gold markets initially tried to rally during the course of the day on Tuesday, but found a lot of resistance above the $1280 level, and as a result turned back around to form a fairly negative candle. However, the $1250 level below has been supportive over the last couple of sessions, so as a result we believe that supportive candles will be opportunities to buy calls. Ultimately, the market below is very choppy, so we feel that there will be buyers below and as a result we are bullish but recognize that we may have to take a moment before putting money into this market.