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

1 – The EUR/USD pair continues to do nothing during the session on Tuesday, and as we go into Wednesday we see no real trading opportunity beyond the fact that we can buy puts on short-term rallies. We believe that the 1.12 level is going to continue to offer bit of resistance, and we know that the 1.15 level well. If we can break down from here, we could go down to the 1.11 level, and then perhaps the 1.10 level.

2 – The S&P 500 fell during the session on Tuesday, but we continue to see plenty of support below. With that, we are buyers of calls on short-term charts, as this market should continue to go much higher over the longer term. We believe that pullbacks will continue to offer value in a market that is most certainly bullish overall, so therefore we have no interest whatsoever in buying puts.

3 – Gold markets continue to go back and forth between the $1200 levels, and of course the $1240 level. With that being the case, the market looks like its ready go back and forth and if we managed to break up above the top of the shooting star from Monday, we would be buyers of calls. In the meantime, we would suspect that short-term back and forth trading continues.

4 – The GBP/USD pair initially fell during the course of the session on Tuesday, but found enough support to turn things back around and form a hammer. It appears of the 1.53 level will continue to be supportive, so now we believe that the market heads back to the 1.55 handle over the short-term. We still believe in the longer-term downtrend.