Hello Everyone,
Quick Notes: The market had some early morning weakness today but recovered and rallied into the close. The SPX once again found support on that uptrend channel line that we've been showing for weeks. The bullish view is that the recent pullback was simply another minor 4th wave. Also we got new DVT stops today for the SPX KISS Charts.
For commodities, another big day for agriculture, copper, and coffee!
Precious metals had a very nice rally especially the stocks, this is what we needed to see. The bullish view is that this sector is in a wave 3 now, if so then prices should continue to push higher.
I added a handful of new trade ideas as well
Remember Jobs report tomorrow!!
have a great night!
Matt
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5/6: SPX DVT = 4107, 2 day candlestick chart 4065
