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See Today's Trading Opportunities Below – Watch The Video For Full Market Analysis

1 – The gold markets tried to rally on Monday, but ended up pulling back in order to form a shooting star for the session. This of course is a negative sign, but in the end we are still consolidating. The $1220 level above is resistance, and should continue to be. However, buying supportive candles below would be the way to go in this market.

2 – The DAX shot straight up on Monday, only to fall back and form a shooting star as well. As a result, we think a pullback is coming, and this should offer a bit of value in the future. Those pullbacks and hopefully consequential supportive candles should continue to offer call buying opportunities.

3 – The EUR/USD pair tried to rally during the session on Monday, but as a result ended up forming a shooting star as well, and this shows that there is a proclivity to continue lower in this pair. The Euro has far too many problems as the economy continues to fight deflation, and therefore should see more quantitative easing in the future. This should continue to work against it.

4 – The FTSE rallied during the session on Monday, but pulled back just below the 7,000 level. This of course shows that there is a decent amount of resistance there, and this should be an opportunity for short-term traders to step in and buy calls as this is a bullish market, but the area above still fights us. Eventually though – this market breaks out to the upside as the resistance gets broken.