Thursday, May 11, 6:39 am EST. Metals are up overseas. I’m not saying it’s the start of anything, but this is that time; with prices trying to hold support, and risk seemingly having been wrung out… and, with stock prices high, and at a high-risk juncture. It just looks as if maybe the stars have begun to align, or some such thing.
Traders wanting to take a speculative position, with a tight stop, might want to step up and do such a thing. I’m not that kind of trader. I watch for a possible set-up, wait for it to launch and confirm, and then I go in. I think it’s trying to set-up now.