It appears that there are no significant economic announcements during the session on Monday, so we think that this is a perfect set up for a session that is going to be very quiet. We have certain ranges that we are plain again and again, and that's exactly what we are going to look to in the charts. However, some of the markets out there are trending, and as a result there could be at least a few decent trades to be had.

WTI Crude continues to slip

The WTI Crude Oil market fell a bit during the session on Friday, and we believe that it will continue to slip towards the $42 level. With this we are sellers of short-term rallies and of course breakdowns below current levels. We have no edges whatsoever in buying calls, and believe that $47 now is a massive ceiling in this market.

USD/CHF trying to break out

The USD/CHF pair is trying to break out, and reached all the way towards the 0.99 handle during the session on Friday. We believe that the US dollar will continue to strengthen against the Swiss franc, not only because of situations in Europe, but the fact that the Swiss National Bank has been working against the value of its own currency. We believe the buying calls near the 0.98 level on signs of support will be the way going forward.

S&P 500 looks vulnerable, but well supported below

The S&P 500 did in fact fall during the session on Friday, but that does have quite a bit of support below. In fact, we would anticipate some type of supportive candle between here and 2050, which should send market participants back into the market buying calls. We are simply waiting for that in order to get involved.