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The Tuesday session should feature quite a bit of volatility in the GBP/USD pair, as we have tested the 1.48 level yet again. It appears the market is grinding sideways overall, but any type of rally based upon the GDP numbers coming out of London should give us a put buying opportunity. We recognize of the 1.50 level above is massively resistive, and will treat this market as still been in a downtrend regardless of what happens. Even above the 1.50 level, there is a significant amount of resistance all the way to the 1.53 level.

The S&P 500 had a very strong session on Monday, and it now appears that you can buy calls on short-term pullbacks as we are all but certain to head towards the 2100 level. That area is of course massively resistive, but having said that we are still bullish overall and believe that pullbacks will continue to offer call buying opportunities in a market that should continue to attract buyers again and again. 

When we look at the FTSE, we recognize that the 6850 level is now starting to offer quite a bit of support. If we can break above the top of the range for the Monday session, we believe that the market will then head to the 6950 level, offering a call buying opportunity.

Silver markets fell during the session on Monday, as we now looks set to test the $16.50 level. There should be a significant amount of support here though, so we are waiting to see whether or not we get a supportive candle in order to buy calls. If we go below there, we should then head to the $15.50 level. With that being said we are very interested in the silver market now.